16. Problem 4.16 (Return on Equity) BOOK Commonwealth Construction (CC) needs $3 million of assets to get started, and it expects to have a basic earning power ratio of 30%. Co will own no securities, all of lbst income will be operating Income. If it so chooses, CC can finance up to 25% of its assets with debt, which will have an 11% Interest rate. If it chooses to use detit, the firm will finance using only debt and common equity, so no preferred stock will be used. Assuming a 25% tax rate on taxable income, what is the difference between ce's expected ROE if it finances these assets with 25% debt versus its expected HOE if it finances these assets entirely with common stock? Round your answer to two decimal places percentage points