lumist 9. Problem 4.14 Keep the Highest: On Cick here to read the eBook Profitability Ratios Problem Walk-Through RETURN ON EQUITY Pacific Packaging's Roast year was only 2w, 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 473,000. 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 expects to have a total assets turnover ratio of 3.3. 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 two decimal places. Continue without