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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the

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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the income was interest expense of $3,200,000. The company's tax rate was 40%. Total assets were $469 million, current liabilities were $99,000,000, and $73,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital $ 396,000,000 C 10 % ROI Feedback Check My Work Invested capital is determined using total assets and non-interest bearing current liability amounts. ROI uses net income, interest expense after subtracting the portion related to tax savings, and uses the invested capital figure in the nessary calculation. Refer to the text for the formula to be used Implementing the components mentioned above

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