Jaspreet's Smart Systems has 47243 shares of ordinary equity outstanding at a market price of £12.88 a share. Next year, JSS will pay an annual dividend in the amount of £1.75 per share. The dividend growth rate is estimated to be 1.76%. JSS also has 6,000 bonds outstanding with a face value of £1,000 per bond. The bonds carry a 7 % coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 103% of face value. The company's tax rate is 19%.
What is JSS's return on equity? Enter your answer as a percentage to 2dp