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 $613,100 $553,300 Total investments 65,600 43,000 Total property, plant, and equipment 855,500 740,500 Total current liabilities 105,700 88,800 Total long-term liabilities 320,200 225,000 Preferred 9% stock, $100 par 82,500 82,500 Common stock, $10 par 548,200 548,200 Paid-in capital in excess of par-common stock 63,900 63,900 Retained earnings 413,700 328,400 Using the balance sheets for Kellman Company, if net income is $112,900 and interest expense is $47,300 for Year 2, what is the return on stockholders' equity for Year 2 (round percent to two decimal points)?

a.10.59% b.12.00% c.11.48% d.11.01%