The net income of a company for the year was $570,000. The company has no preferred stock. Common stockholders' equity was $1,700,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.) A 33.53% B 28.50% C 24.78% D 19.86%

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