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I only need the ROA please! It is NOT 15.17 or 17.17. Problem 2-19 Debt versus Equity Financing (LG2-1) You are considering a stock investment

I only need the ROA please! It is NOT 15.17 or 17.17. image text in transcribed
Problem 2-19 Debt versus Equity Financing (LG2-1) You are considering a stock investment in one of two firms (NoEquity, Incorporated, and NoDebt, Incorporated), both of which operate in the same industry and have identical EBITDA of $39.5 million and operating income of $14.5 million. NoEquity. Incorporated. finances its $50 million in assets with $49 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, incorporated, finances its $50 million in assets with no debt and $50 million in equity. Both firms payla tax rate of 21 percent on their taxable income. Caiculate the net income and return on assets-funders" investments-for the two firms. Note: Enter your dollar onswers in millions of dollars. Round "Net income" answers to 3 decimal places and "Return on assets" answers to 2 decimal places

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