Use the following information for Manolo Inc. to answer this question. Manolo, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,200 8,050 480 $ 1,670 104 $ 1,566 548 $ 1,018 Cash Accounts rec. Inventory Total Net fixed assets Total assets Manolo, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 335 Accounts payable 1,150 1,050 Long-term debt 1,820 1,775 Common stock $3,270 $3,160 Retained earnings 3,560 4,120 $6,830 $7,280 Total liab. & equity 2016 2017 $1,670 $1,895 1,090 1,415 3,400 3,050 670 920 $6,830 $7,280 What is the return on equity for 2017