Pacific Packaging's ROE last year was only 5%, but its management has developed a new operating plan that calls for a deb result in annual interest charges of $390,000. The firm has no plans to use preferred stock, and total assets equal total inve EBIT of $962,000 on sales of $13,000,000, and it expects to have a total assets turnover ratio of 2.9. Under these condition changes are made, what will be the company's return on equity? Do not round intermediate calculations. Round your answer % was only 5%, but its management has developed a new operating plan that calls for a debt-to-capital ratio of 55%, which will of $390,000. The firm has no plans to use preferred stock, and total assets equal total invested capital. Management projects an $,000,000, and it expects to have a total assets turnover ratio of 2.9. Under these conditions, the tax rate will be 25%. If the he company's return on equity? Do not round intermediate calculations. Round your answer to two decimal places. Pacinc Packaging's ROE last year was only 5\%, but its management has developed a new operating plan that calls for a debt-ta-copital ratio of 55%, which will result in annual interest charges of $390,000. The firm has no plans to use preferred stock, and total assets equal total invented capital Management propets an E8IT of $962,000 on sales of $13,000,000, and it expects to have a total assets turnover ratio of 2.9. Under these concivons, the tax rate will be 25%. If the changes are made, what will be the company's return on equity? Do not round intermediate calculations. Round your answer to two decimal paces