> Herring Corporation has operating income of $210,000 and a 25% tax rate. The firm has short-term debt of $140,000, long-term debt of $326,000, and common equity of $466,000. What is its return on invested capital? a. 25.99% b. 16.90% c. 33.80% d. 19.89% e. 22.53%

Herring Corporation has operating income of $210,000 and a 25% tax rate. The firm has short-term debt of $140,000, long-term debt of $326,000, and common equity of $466,000. What is its return on invested capital? a. 2599% b. 16.90% c 33.80m d. 19.89% e. 22.53%