Sonova Corporation has an operating income (EBIT) of $200,000 and a 40% tax rate. The firm has short-term debt of $115,000, long-term debt of $321,000, and common equity of $436,000. What is its return on invested capital (ROIC)? Your answer should be between 9.20 and 21.42, rounded to 2 decimal places, with no special characters.

Sonova Corporation has an operating income (EBIT) of $200,000 and a 40% tax rate. The firm has short-term debt of $115,000, long-term debt of $321,000, and common equity of $436,000. What is its return on invested capital (ROIC)? Your answer should be between 9.20 and 21.42 , rounded to 2 decimal places, with no special characters