Midwest Packaging's ROE last year was only 5%, but its management has developed a new operating plan that calls for a total debt ratio of 45%, which will result in annual interest charges of $658,000. Management projects an EBIT of $1,064,000 on sales of $14,000,000, and it expects to have a total assets turnover ratio of 2.8. Under these conditions, the tax rate will be 30%. If the changes are made, what will be its return on equity