Frms HL and LL are identical except for their financial leverage ratios and the interest fates they pay on debt. Each has $23m millon in invested captal, has 53.45ml ion or Eut, and is in the 25% federal-plus-state tax bracket. Both firms are small with average sales of $25 million or less durling the past 3 years, so both are exempt from the interest defuction limitation. Firm HL, however, has a debt-to-capital ratio of 50% and pays 12% interest on its debt, whereas LL has a 20% debt-to-capital ratio and pays only 946 interest on its debe. Neither firm uses preferred stock in its capital structure. a. Calculate the return on invested capital (ROIC) for each firm. Acund your answers to two decimal places. RDic foe firm LL: RDIC for firm HL: b. Calculate the return on equity (ROE) for each firm, Mound your answers to two decimal places. ROE for firm LL: \$o for firm HL: debt to 15\%. Calculate the new Rot for u. Round your answer to two decimal places