Problem 4-9 BEP, ROE, AND ROIC

Broward Manufacturing recently reported the following information:

Net income	$335,000
ROA	6%
Interest expense	$110,550
Accounts payable and accruals	$950,000

Broward's tax rate is 40%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Round your answers to two decimal places.

BEP	7.98% Incorrect
ROE	7.23% Incorrect
ROIC	4.34% Incorrect The bolded answers are wrong can someone help me get the right answers. Thanks!