• Solaris Innovations has reported a net income of $4.2 million for the fiscal year ending December 31, 2023. The company had total assets of $21 million and total liabilities of $12 million at the end of the year. During the year, Solaris Innovations issued additional shares, increasing the total equity by $2 million. Calculate the return on equity (ROE) for Solaris Innovations for the fiscal year 2023.