Suppose that Acme Inc. had a net income of $19,500 on sales of $325,000 and total assets are $245,000 at the end of the fiscal year. The firm's debt to assets ratio was 45.0%. What is the return on equity? (Hint: use the DuPont relationship)

13.82%

14.47%

15.15%

15.86%

15.27%