1.You are considering a stock investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical EBITDA of $38.6 million and operating income of $23.5 million. NoEquity, Inc., finances its $70 million in assets with $69 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc., finances its $70 million in assets with no debt and $70 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assetsfunders investmentsfor the two firms. (Enter your dollar answers in millions of dollars. Round "Net income" answers to 3 decimal places and "Return on assets" answers to 2 decimal places.) I found the net income 13.114 million in no equity and 18.730 million in no debt and 26.52 % return on asset in no debt. please help me find return on asset in no equity( 18.73 and 23.28 is incorrect).

2.The Dakota Corporation had a 2021 taxable income of $7,700,000 from operations after all operating costs but before (1) interest charges of $1,400,000, (2) dividends received of $98,000, (3) dividends paid of $860,000, and (4) income taxes (the firms tax rate is 21 percent). a. Calculate Dakotas income tax liability. (Round your answer to the nearest dollar amount.) (1,483,020 and 1,121,820 is incorrect)