Duffert Industries has total assets of $1,040,000 and total current liabilities (consisting only of accounts payable and

accruals) of $105,000. Duffert finances using only long-term debt and common equity. The tax rate is 25%. The firm's

basic earning power ratio is 13%. What is Duffert's ROIC? Do not round your intermediate calculations.

a. 9.11%

b. 9.44%

c. 10.52%

d. 10.84%

e. 12.04%