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Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has $11 million of total invested capital.

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Gourmet Kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has $11 million of total invested capital. Its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 25%. How much was the return on invested capital (ROIC)? Enter your answer in the following format: 0.1234

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