Rome Deposit, Inc. has the following balance sheet and income statement.

Income Statement ($ millions)							Balance Sheet ($ millions)
Net sales		$	2,400.00				Assets
Expenses			1,000.00				Current assets		$	2,600.00
Depreciation			300.00				Net fixed assets			3,600.00
Taxable income		$	1,100.00				Total assets		$	6,200.00
Interest expense			460.00
Taxable income		$	640.00				Liabilities & Owner's Equity
Taxes (35%)			224.00				Current liabilities		$	1,200.00
Net income		$	416.00				Long-term debt			2,000.00
							Owner's equity			3,000.00
							Total liabilities and equity		$	6,200.00

c. What is the companys return on capital? (Enter your answer as a percent rounded to 2 decimal places.)