Sandler, Inc. provides the following information for 2025:
Net income $240,000 Market price per share of common stock $8.25 per share
Preferred stock dividends paid $90,000
Common stock equity at Jan. 1, 2025 $172,000 Common stock equity at Dec. 31, 2025 $193,000 Calculate the rate of return on common stockholders' equity for 2025. (Round your answer to two decimal places.)