Creative Productions Inc., has a tax rate of 30% (Federal and State combined), an EBIT of $400,000. net working capital of $80,000, fixed assets of $1,200,000, and current liabilities of $220,000, no long term liabilities, and a cost of capital of 8.37%. The firm had no interest expense. What is the firm's ROIC? NOTE: ROIC is Return on Invested Capital