You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $24 million, accounts receivable are $3.3 million, ACP is 25 days, net income is $3.5 million, and debt-to-equity is 1.2 times.

Calculate the ROE for the firm. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

ROE %