The following data relate to a company: ordinary share capital $50000$, retained earnings at the end of the year $11000$, $8\%$ debentures $(2020-2022)$ $15000$, bank overdraft $8000$, profit from operations $17700$, profit for the year $16500$. Calculate the return on capital employed.
- A$21.07\%$
- B$21.71\%$
- C$23.29\%$
- D$27.05\%$