Use the accompanying financial statements for Daniels Manufacturing, Inc. to answer all the questions that follow. Daniels has 400 million shares outstanding at the end of 2020. The firm sold 50 million shares in 2021 at a price of $16 per share, and Daniel paid $500 million in dividends in 2021. The price at year-end 2020 was 512 per share, and $20 per share at year-end 2021. Please click on the blank worksheet: Click to open: Daniels Manufacturing, Inc. Balance Sheet (in Millions of Dollars) Assets Cash 2020 2021 Accounts receivable $1,000 $1,400 3,000 Inventory 2,900 2,000 Current Assets 3.200 $6,000 $7.500 Gross fixed assets $4,000 $6,000 Accumulated depreciation (1,000) ($1.500) Net fixed assets $3,000 $ 4,500 Total Assets $9,000 $12,000 Liabilities and Equity $1,200 $1,900 Accounts payable 400 500 Accruals 200 300 Notes payable $2,500 $2,000 Current Liabilities $6,200 $5,000 Common equity Total Liabilities and Equity $2,000 $9.000 3.300 $12.000 Daniels Manufacturing., Inc. Income Statement for the Period Ending 12/31/2020 and 12/31/2021 (in Millions of Dollars) Sales 2020 2021 Cost of goods sold $8,000 $10.000 5,000 Gross profit 6.000 3,000 4,000 General and administrative expenses $1,200 $1,600 Depreciation 400 500 Earnings before interest and taxes $1,400 $1,900 Interest 200 400 Earnings before taxes $1,200 $1,500 $400 $500 Taxes (33 1/3 percent) $1,000 $800 Net income What is the return on common equity for Daniels Manufacturing in 2021? O 27.1% O 28.9% 30.3% O 32.7%