13. Problem 4.13 (TIE and ROIC Ratios) eBook The W.C. Pruett Corp. has $800,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 12%. In addition, it has $800,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $4 million, its average tax rate is 40%, and its profit margin is 4%. What are its TIE ratio and is return on invested capital (ROI)? Round your answers to two decimal places TIE ROIC