You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $28.00 million, accounts receivable are $2.60 million, ACP is 20 days, net income is $2.80 million, and debt-to-equity is 1.50 times.

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