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Herring Corporation has operating income of $265,000 and a 25% tax rate. The firm has short-term debt of $110,000, long-term debt of $349,000, and common

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Herring Corporation has operating income of $265,000 and a 25% tax rate. The firm has short-term debt of $110,000, long-term debt of $349,000, and common equity of $ 459,000. What is its return on invested capital? O a. 16.65% O b. 16.07% O c. 18.57% O d. 19.42% O e. 21.65%

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