The balance sheets at the end of each of the first two years of operations indicate the following 2017 $600,000 60,000 900,000 125,000 350,000 100,000 600,000 60,000 325,000 2016 Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, S 100 par Common stock, $10 par Paid-in capital in excess of par--common stock Retained earnings $560,000 40,000 700,000 80,000 250,000 100,000 600,000 60,000 210,000 Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, what is the return on stockholders equity for 2017 (round to one decimal place)? a. 12.7% b. 16.5% Oc. 12.0% d. 13.2%