C here to read the book profitability Ratios Problem Walk Through RETURN ON EQUITY Pacific Packaging' ROL last year was only 2%; but its management has developed a new operating plan that calls for a debt-to-capital ratio of 40%, which will result in annual interest charges of 1473.000 The firm has no plans to use preferred stock and total assets equal total invested capital Management projects an EBIT of $1,166,000 on sales of $11,000,000, and it expects to have a total assets turnover ratio of 3.. Under these conditions, the tax rate will be 35 . If the changes are made, what will be the company's return on equity? Do not round intermediate calculations. Round your answer to to decimal places. MacBook Pro