You are thinking of investing in Nikki T$\text{'}$s$,$ Incorporated. You have only the following information on the firm at year$-$end: Net income is $$150,000,$ total debt is $$3\mathrm{.}40$ million, and debt ratio is $70$ percent.

What is Nikki T$\text{'}$s ROE for next year?

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$ROE$,102\mathrm{.}87ox,\%$