The H$.$R$.$ Pickett Corp. has $$500,000$ of interest$-$bearing debt outstanding, and it pays an annual interest rate of $10\%.$ In addition, it has $$700,000$ of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $$2$ million, its average tax rate is $30\%,$ and its profit margin is $5\%.$ What are its TIE ratio and its return on invested capital $($ROIC$)?(25$ Points$)($Show your solutions step by step$)$