MNP Ltd. has made plans for the next year. The company will employ total assets of $ 25,00,000; 30% of assets being financed by debt at an interest cost of 9% p.a. The direct costs for the year are estimated at ? 15,00,000 and all other operating expenses are estimated at $ 2,40,000. Sales revenue are estimated at $ 22,50,000. Tax rate is assumed to be 40%.
Return on equity = ?
(A) 12.46%
(B) 15.17%
(C) 11.86%
(D) 15.98%

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