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I divided net income by 70 and its still showing that its wrong, please help Return to question Problem 2-21 Debt versus Equity Financing (LG2-1)

I divided net income by 70 and its still showing that its wrong, please help image text in transcribed
Return to question Problem 2-21 Debt versus Equity Financing (LG2-1) 1:52:06 You are considering a stock investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical EBITDA of $38.9 million and operating income of $20.5 million. NoEquity, Inc., finances its $70 million in assets with $69 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc., finances its $70 million in assets with no debt and $70 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assets-funders' investments-for the two firms. (Enter your dollar answers in millions of dollars. Round "Net income" answers to 3 decimal places and "Return on assets" answers to 2 decimal places.) * Answer is complete but not entirely correct. NoDebt $ NoEquity 10.744 15.35 Net income Return on assets $ million % 16.195 23.00 million %

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