Bloom Inc. management has decided to repurchase some of the company's shares. The company has $5,000,000$ shares outstanding that trade at $$40\mathrm{.}00$ per share and has stockholders' equity of $$200,000,000.$ It plans to repurchase $400,000$ shares at $$40\mathrm{.}00$ and will use debt to finance the purchase at an interest rate of $7\mathrm{.}0\%.$ The company's EBIT is $$25,000,000.$

Ignoring income taxes what is the return on equity after the repurchase? $($go to $2$ decimals$)$