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Monita Hussain has a business in which she's invested $260000 of her own money, which...

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Finance

Monita Hussain has a business in which she's invested $260000 of her own money, which is the firm's only capital. (There are no other equity investors and no debt.) In a recent year, the firm had net income of $20000 for a return on equity of 7.69%($20000/$260000). What will the firm's return on equity be next year if net income from business operations remains the same but it borrows $140000 returning the same amount to Jake from the equity account if (Round your answer to two decimal places.):

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