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Assume an agribusiness firm has a net income of $90,000 and all debt is issued in corporate bonds to investors (e.g. no dividends). The firm

Assume an agribusiness firm has a net income of $90,000 and all debt is issued in corporate bonds to investors (e.g. no dividends). The firm own $200,000 in debt and $260,000 in shareholder equity. Calculate the Return on Invested Capital (ROIC). Explain your answer.

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