Click here to read the eBook: Profitability Ratios Problem Walk-Through RETURN ON EQUITY Pacific Packaging's ROE last year was only 4%; but its management has developed a new operating plan that calls for a debt-to-capital of which result in an interest charges of $230,000 The firm has no plans to use preferred stock and total assets equal total invested capital Management projects an EBIT of $490,000 on sales of $5,000,000, and to the total assets turnover ratio of 2.7. Under these conditions, the tax rate will be 40%. If the changes are made, what will be the company's return on equity? Do not found intera c tions d your answer to two decimal places Continue without