On January 1, 2020, JL acquired equipment costing $60,000. It was estimated that

this equipment would have a useful life of 5 years and the salvage value of $5,000.

The company uses calendar year as its accounting period and uses the straight-line

depreciation method. In 2020, the company has net income of $80,000 and average

total assets of $1.000.000.

Calculate the return on investment (ROI) for 2020 if the company were to use

double-declining balance method instead of the straight-line method. Ignore income

taxes. Provide your answer with two decimal points.