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4-1. 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

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4-1. 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. What are the firm's ROE and ROIC

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