U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 22%. The firm financed 23% percent of its assets using equity. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.)

Group of answer choices

104.96%

28.57%

58.36%

95.65%

25.64%