3. A regional firm reports total equity of $125,000, $18,000 in dividend payments, a 1.25 debt-equity ratio, and a 0.45 plowback ratio. What is the firm's return on assets?

7.27 percent

8.89 percent

5.82 percent (correct)

6.55 percent

Please show a detailed explanation the correct answer is provided. If you could please demonstrate it in excel with the functions