Problem Through Pacific Packaging's ROE last year was only $4\%,$ but its management has developed a new operating plant that calls for a debt$-$to$-$capital ratio of $45\%,$ which result in annual interest charges of $$140,000.$ The has no plans to use preferred stock and total assets equal total invested capital, Management projects an EBIT of $$372,000$ on sales of $$4,000,000,$ and it expects to have a total assets turnover ratio of $1\mathrm{.}9.$ Under these conditions, the tax rate will be $25\%$If the changes are made, what will be the company's return on equity? not round intermediate calculationsRound your answer to two decimal places $\%$