The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $17.7 million and interest expenses of $5 million. If Colton has a tax bracket of 40%, what is their return on equity (ROE)? Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters