Identify the definition of return on invested capital $($ROIC$).$

It is a rate$-$of$-$return measure of how effectively a project utilizes the time invested in it$.$

It is a rate$-$of$-$return measure of how effectively a project utilizes the funds invested in it$.$

It is a rate$-$of$-$acceptance measure of how effectively a project utilizes the funds invested in it$.$

It is a present worth measure of how effectively a project utilizes the funds in$-$

vested in it$.$