Sales for the year $=$ $$357,370,$ Net Income for the year $=$ $$40,271,$ Income from equity investments $=$ $$9,463,$ and average Equity during the year $=$ $$123,650.$ Return on equity $($ROE$)$ for the year is:

Select one:

a$.$ There is not enough information to answer the question.

b$.32\mathrm{.}6\%$

c$.2\mathrm{.}6\%$

d$.11\mathrm{.}3\%$

e$.7\mathrm{.}7\%$