Last year Potter Inc. had sales of $442,000 and a net income of $22,900, and its year-end assets were $273,000. The firm's total-debt-to-total-invested capital was 25.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Find the ROE using the DuPont equation.

7.42%

9.03%

8.94%

11.18%

8.85%