The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $611,400 $590,200 Total investments 62,700 40,700 Total property, plant, and equipment 943,500 795,300 Total current liabilities 116,400 86,500 Total long-term liabilities 293,800 234,300 Preferred 9% stock, $100 par 89,300 89,300 Common stock, $10 par 598,900 598,900 Paid-in capital in excess of par-common stock Retained earnings 67,000 67,000 452,200 350,200 Using the balance sheets for Kellman Company, if net income is $116,200 and interest expense is $45,700 for Year 2, what is the return on stockholders' equity for Year 2 (round percent to two decimal points)? a. 10.05% b. 10.39% c. 10.89% d. 11.44%