A firm has EBIT of $24 million and has a corporate tax rate of 25%.The firm has total debt of $40 million,and excess cash of $8 million.If the firm's book value of equity is $72 million,what is the firm's return on invested capital (ROIC)?
A)6%
B)17%
C)16%
D)15%
E)23%

Question

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The Answer of A firm has EBIT of $24 million and has a corporate tax rate of 25%.The firm has total debt of $40 million,and excess cash of $8 million.If the firm's book value of equity is $72 million,what is the firm's return on invested capital (ROIC)?
A)6%
B)17%
C)16%
D)15%
E)23%

A Firm Has EBIT of $24 Million and Has a Corporate