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ROE AND ROIC Baker Industries's net income is $24,000, its interest expense is $5,000, and its tax rate is 25%. Its notes payable equals $27,000,

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ROE AND ROIC Baker Industries's net income is $24,000, its interest expense is $5,000, and its tax rate is 25%. Its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? ANTANIN NATINICAMA 17. 11: DOT

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