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Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has short-term debt of $115.000, long ten debt of $321.000. and

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Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has short-term debt of $115.000, long ten debt of $321.000. and common equity- of $436.000 What is its return on invested capital? 17.42% 15.50% 16.17% 14.92% 11.27%

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