Ridgewood Mills is a division of Iowa Woolen Products. For the most recent year, Ridgewood had net income of $20,000,000. Included in income was interest expense of $1,450,000. The operations tax rate is 40 percent. Total assets of Ridgewood Mills are $230,000,000, current liabilities are $52,400,000, and $36,000,000 of the current liabilities are noninterest bearing.

Calculate NOPAT, invested capital, and ROI for Ridgewood Mills. (Round ROI to 2 decimal places, e.g. 15.25%.)

NOPAT $

Invested capital $

ROI %