Problem 2-21 Debt versus Equity Financing (LG2-1) You are considering a stock Investment in one of two firms (NoEquity, Inc., and NoDebt, Inc.), both of which operate in the same industry and have identical EBITDA of $38.0 million and operating income of $29.5 million. NoEquity, Inc., finances its $40 million in assets with $39 million in debt (on which it pays 10 percent interest annually) and $1 million in equity, NoDebt, Inc, finances its $40 million in assets with no debt and $40 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assets---funders Investments--for the two firms. (Enter your dollar answers in millions of dollars. Round "Net Income" answers to 3 decimal places and "Return on assets" answers to 2 decimal places.) Net income Return on assets NoEquity million % NoDebt million