8. For Year 1, Lily Oil Company reported the following data. Interest expense .......................................................................................................... $100 Income tax rate ............................................................................................................ 30% Net income (after taxes) ............................................................................................. $280 Stockholders' equity (year end, as reported in the balance sheet) ............................. $800 Price-to-book ratio (as of the end of the year) ............................................................ 4.20 Total liabilities (year end, as reported in the balance sheet) ................................... $1,300 Also, Lily Oil Company has determined that the market value of its liabilities is approximately equal to the book value of its liabilities. Compute Lily Oil's return on assets computed as NOPAT (net operating prot after taxes) divided by the end-of-year MARKET VALUE of assets. Hint: You need to remember the accounting equation. You may refer to your tattoo Hint: \"NOPAT\" is used in Question 8 of the China Oil Industry case. Again, the return on assets measure asked for here is dened as follows: NOPAT I End-of-year MARKET value of ASSETS Your answer should be a percentage, rounded to the nearest tenth of a percentage point (xx.X%) Write your answer in this box : SHOW YOUR CALCULATIONS BELOW