ROE AND ROIC Hilyard Industries net income is $25,000, its interest expense is $5,000, and its tax

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ROE AND ROIC Hilyard Industries’ net income is $25,000, its interest expense is $5,000, and its tax rate is 40%. Its notes payable equals $25,000, long-term debt equals $75,000, and common equity equals $250,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC?

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