• InfiniTech Holdings has reported a net income of $4.7 million for the fiscal year ending December 31, 2023. The company had total assets of $20 million and total liabilities of $11 million at the end of the year. During the year, InfiniTech Holdings issued additional shares, increasing the total equity by $1.9 million. Calculate the return on equity (ROE) for InfiniTech Holdings for the fiscal year 2023.