Please answer all parts of the question, thank you! :)

Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $15 million in invested capital, has $2.25 million of ESIT, and is in the federal-plus-state tax bracket. Both firms are small with average sales of $25 million or less during the past 3 years, so both are exempt from the interest deduction limitation. Firm HL, however, has a debt-to-capital ratio of and pays interest on its debt, whereas LL has a debt-to-capital ratio and pays only 8% interest on its debt. Neither firm uses preferred stock in its capital structure. a. Calculate the return on invested capital (ROIC) for each firm. Round your answers to two decimal places. ROIC for firm LL: ROIC for firm HL: b. Calculate the return on equity (ROE) for each firm. ROE for firm LL: ROE for firm HL: Round your answers to two decimal places. c. Observing that HL has a higher ROE, LL's treasurer is thinking of raising the debt-to-capital ratio from to even though that would increase LL's interest rate on all debt to 150/0. Calculate the new ROE for LL. Round your answer to two decimal places.