Denise Adams Company Limited (DACL) complete the fiscal period of 2019 with revenue of $10M with a total asset based of $12M. The company total shareholders’ equity is $8.5M  that is 80% common share and 20% preferred shares. If DACL Net profit be tax is $1.1M and a total tax payment of $0.49M, Calculate the company’s ROE using the DuPont Model.

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