Question 9 (10 points) The balance sheets at the end of each of the first two years of operations indicate the following Year 2 Yearl Total current assets $600.000 $560 000 Total investments 60.000 40.000 Total property, plant, and equipment 900.000 700,000 Total cuttent liabilities 125.000 65,000 Total long-term liabilities 350.000 250.000 Preferred 9% stock, $100 par 100,000 100.000 Common stock. $10 par 600.000 600,000 Paid in capital in excess of par-Common stock 75,000 75.000 Retained earnings 310.000 210,000 If net income is $150,000 and interest expense is $20,000 for Year 2, what is the rate canned on stockholders' equity for Year 22 699 16,04% 13.8%