You have the following information on ATA, Inc at year$-$end $2022$: net income $=$$$8$ million, total debt $=$$$48$ million, and debt$-$to$-$equity $=0\mathrm{.}60$ times. What is ATA's ROA for $2022?$

Hint: Estimate Total Equity from the Debt$-$to$-$equity Ratio, then estimate assets, and last apply the ROA formula

$5\mathrm{.}0\%$

$8\mathrm{.}25\%$

$6\mathrm{.}33\%$

$6\mathrm{.}25\%$