What is Lou Lever's return on equity invested in a one-year investment that provides an

11%

return if he invests

$50,000

of his own cash and borrows

$120,000

at

8%

from a bank in a one-year loan with a single payment if Lou's tax rate is

32%

?\ Enter your answer to the nearest percentage showing 2 decimal places. For example, if you think the answer if

4.321%

, enter 4.32

What is Lou Lever's return on equity invested in a one-year investment that provides an 11% return if he invests $50,000 of his own cash and borrows $120,000 at 8% from a bank in a one-year loan with a single payment if Lou's tax rate is 32% ? Enter your answer to the nearest percentage showing 2 decimal places. For example, if you think the answer if 4.321%, enter 4.32