We are given the following information for Pinanski, Inc.

Sales $130,000 Debt 65,000 Dividends 5,000 Equity 40,000 Interest rate 7% Net income 11,000 Tax rate 30%

Assume the company has no short-term debt. Also, assume that all asset turnover, profit margin, and dividend payout ratios remain constant. What is the company's return on invested capital (ROIC)? (Hint: First, find EBIT working backwards.) A. 20.24%

B. 22.45%

C. 13.51%

D. 16.52%

E. 18.28%

F. 14.94%