Laurier Inc. had total assets at the beginning of the year of S 5000000 and total assets at the end of the year of $ 8000000. The following contains information on Laurier Inc.'s statement of income for the year: Sales S 1000000 Interest expense $ 18000 Income tax expense S60000 Net income $150000 Calculate Laurier Inc.'s return on assets (ROA) for the year. Express your answer as a percentage rounded to two digits (i.e. 3.84)