Vоltаire Prоducts hаd $2.4 milliоn in sаles revenues in the most recent year and expects sales growth to be 25% this year. Voltaire would like to determine the effect of various current assets policies on its financial performance. Voltaire has $1 million of fixed assets and intends to keep its debt ratio at its historical level of 35%. Voltaire's debt interest rate is currently 8%. With a restricted current asset policy, where current assets are 45% of projected sales, what is the expected return on equity (ROE)? Earnings before interest and taxes are expected to be 12% of sales. Tax rate is 25%. Do not round intermediate calculations. Round your answers to two decimal places. Do not enter $ or % in your answer.