Green Foods currently has $$400,000$ of equity and is planning an $$160,000$ expansion to meet increasing demand for its product. The

company currently earns $$140,000$ in net income, and the expansion will yield $$70,000$ in additional income before any interest

expense.

The company has three options: $(1)$ do not expand, $(2)$ expand and issue $$160,000$ in debt that requires payments of $9\%$ annual

interest, or $(3)$ expand and raise $$160,000$ from equity financing. For each option, compute $($a$)$ net income and $($b$)$ return on equity $($Net

Income $$ Equity$).$ Ignore any income tax effects.

Note: Round "Return on equity" to $1$ decimal place.