4-9. BEP, ROE, AND ROIC Duval Manufacturing recently reported the following information:

Net Income	$600,000
ROA	8%
Interest expense	$225,000
Accounts payable and accruals	$1,000,000

Duvanls tax rate is 35%. Duval finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC).