QUESTION 14 Hamilton Enterprises has total assets of $175 million, sales of $40 million, and net income of $9.5 million. Assume the company's total assets equal total invested capital, and its capital structure consists of 70% debt and 30% common equity. The firm's interest rate is 5%, and its tax rate is 21%. What is the firm's ROIC? h O a. 11.12 percent b. 7.29 percent O c. 9.04 percent O d. 10.38 percent e. 8.19 percent