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AllGood Corporation has operating income (EBIT) of $650,000, total assets of $3,500,000, and its capital structure consists of 25 percent debt and 75 percent equity.

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AllGood Corporation has operating income (EBIT) of $650,000, total assets of $3,500,000, and its capital structure consists of 25 percent debt and 75 percent equity. Total assets were equal to total operating capital. The firm's after-tax cost of capital (WACC) is 9.5 percent and its tax rate is 40 percent. The firm has 65,000 shares of common stock currently outstanding and the current price of a share of stock is $44.00 Question 1 (1 point) What is the ROIC? Based on the ROIC. is Allgood doing a good job? Why

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