• PioneerTech Inc. has reported a net income of $5.2 million for the fiscal year ending December 31, 2023. The company had total assets of $22 million and total liabilities of $14 million at the end of the year. During the year, PioneerTech Inc. issued additional shares, increasing the total equity by $2.1 million. Calculate the return on equity (ROE) for PioneerTech Inc. for the fiscal year 2023.