Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $20.00 million in invested capital, has $4.47 million of EBIT, and is in the 40.00% federal-plus-state tax bracket. Firm HL, however, has a debt-to- capital ratio of 50.00% and pays 12.00% interest on its debt whereas LL has a 30.00% debt-to-capital ratio and pays only 10.00% interest on its debt. Neither firm uses preferred stock in its capital structure. Calculate the return on invested capital (ROIC) for each firm. O Both firms have ROIC = 11.85% o Both firms have ROIC - 12.24% Both firms have ROIC = 12.63% Both firms have ROIC = 13.02% Both firms have ROIC 13.41%