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F elisel Fons land are identical except for their financial leverer the interest rates they pay on debt. Each has 15 million invested capital has 12.25 million of IT and is in the 25 de state tax bracet Firm HL, however, has a debt-to-capital ratio of 45% and pays 11% interest on its debt, whereas te has a 30 debt-to-capital to and pays ry 10% interest on its deatherm preferred stock in its capital structure Calculate the return on invested capital (ROC) for each fore. Round your answers to two decimal places ROIC or form ROIC for HL: ti: Calculate the rate of return on equity (ROE) for each firm. Round your answers to two decimal places ROE for fumi ROE for firm HLE c. Observing that has a higher ROELL's treasurer is thinking of raising the debt-to-capital rate from 30% to 60% even though that would increases interest rate on a debt to 15.o the new ROE for LL. Round your answer to two decimal places