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Herring Corporation has operating income of $ 2 5 0 , 0 0 0 and a 2 5 % tax rate. The firm has short

Herring Corporation has operating income of $250,000 and a 25% tax rate. The firm has short-term debt of $134,000, long-term debt of $337,000, and common equity of $471,000. What is its return on invested capital?
a.26.54%
b.39.81%
c.30.99%
d.23.21%
e.19.90%
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