In the current year, Hermanson Corporation reported net income of $240,000, paid dividends of $25,000 on common stock, and $40,000 of dividends on preferred stock. Hermanson Corporation’s common stockholders’ equity was $700,000 at the beginning of the year and its common stockholders’ equity is $900,000 at the end of the year. The company’s return on common stockholders’ equity for the current year is