Last year Lowell Inc. had a total assets turnover of 1.60 and an equity multiplier of 1.75. Its sales were $295,000 and its net income was $10,600. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income to $20,850 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income as expected, how much would the ROE have changed? 7.55%8.38%9.09%9.73%8.51%