The following selected data were taken from the financial statements of the Berrol Group for December 31, 2012, 2011, and 2010:

	Dec. 31, 2012	Dec.31, 2011	Dec. 31, 2010
Total assets	$3,000,000	$2,700,000	$2,400,000
Notes payable (10% interest)	1,000,000	1,000,000	1,000,000
Common stock	400,000	400,000	400,000
Preferred $6 stock, $100 par (no change during year)	200,000	200,000	200,000
Retained earnings	1,126,000	896,000	600,000

The 2012 net income was $242,000 and the 2011 net income was $308,000. No dividends on common stock were declared between 2010 and 2012.

The Rate Earned on Total Assets for 2011 is: