The following data for a limited company as at 31 December 2021 are available: Ordinary share capital: $300\,000. Retained earnings: $110\,000. $8\%$ debenture: $100\,000. Retained earnings on 1 January 2021 amounted to $82\,000. An interim dividend of $45\,000 was paid on 1 May 2021. Calculate the return on capital employed for the year ended 31 December 2021.
- A$6.83\%$
- B$7.06\%$
- C$14.31\%$
- D$15.88\%$