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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Oak Lawn, Inc. has been provided by its lenders and owners with $58,000,000 to purchase assets. The most

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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Oak Lawn, Inc. has been provided by its lenders and owners with $58,000,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $11,400,000, and net income of $7,250,000. Income tax is paid at a 23% combined state plus federal average annual rate. What was Return on invested Capital (ROIC) for the year? A. 9.625% B. 15.134 C.4.521% D. 12.500 E. 24.759%

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