Phoenix Corp. has a net profit margin of $7\mathrm{.}3\%,$ a total asset

turnover rate of $1\mathrm{.}9,$ and a debt$-$to$-$equity ratio of $0\mathrm{.}9.$ Calculate

the return on equity.

$12\mathrm{.}47\%$

$26\mathrm{.}35\%$

$13\mathrm{.}87\%$

$22\mathrm{.}00\%$