L. Corp. has total assets of P100 million. Earnings before interest and taxes were P20 million and the tax rate was 35%. Given the following leverage ratios and corresponding interest rates, calculate L. Corp.'s rate of return on equity for each amount of debt. Leverage (Debt / Total Assets) Interest Rate on Debt 1. 2. 3. 4. 5. 0% 10 30 50 60 16 % 16 18 21