Refer to the information below for a bank lender:

Administrative/operating cost 0.10%

Expected loss: 0.50%

Regulatory risk weight for the bank asset (Loan): 139%

Regulatory capital ratio (equity/RWA): 8.00%

Bank's funding cost: 5.00%

Bank's interest rate spread: 1.9%

Bank's required rate of return on equity: 20%

What is the bank's implied return of return on equity (pre-tax)? Answer question in percentage without the percentage sign "%." Example: enter 10.50 for 10.50%; Do not enter "10.50%" or "0.1050."