72.73% 69.

77%

14.55%
10.91% 11.63%
1.81% 13.95%
4.65%
100% 100%

8.9% 4.19%
2.18% 1.16%
1.82% 1.16%

32.55% 9.77%
54.55% 83.72

100% 100%

100% 100%
60% 45%
40% 55%

0.16% 12.5%
0.24% 42.5%
0.9% 0.26%
23.11% 42.24%
5.78% 10.56
17.33% 31.68%

ROE (DuPont) = [17.33% x (5,000,000/2,750,000) [31.68% x (4,000,000/2,150,000)]

/ [ 1 - [(2,750,000-1,500,000) /2,750,000] ] / [ 1 - (350,000/2,150,000)]
= 57.76% =70.4%
ROE
= (866,437/1,500,000) x 100% = (1,267,125/ 1,800,000) x 100%

= 57.76% = 70.4%
discount interest
 annuity

6.66% / 8.3% = 0.807