White Lucent Company has following information: sales=$400,000; depreciation=45,000; cost of goods sold=$180,000; interest=$35,000; and a tax rate of 20 percent. White Lucent Company has total assets of $440,000, long-term debt of $100,000, net fixed assets of $250,000, and net working capital of $25,000. What is the return on equity? a. 54.67 percent b. 60 percent C. 64 percent d. 52 percent e. 51.25 percent