What is the Return on Invested Capital (ROIC) for Paul Downs?

Paul Downs started making furniture in 1986, in a small shop in Manayunk. Over the years they have outgrown four other shops and now operate a 33,000 square-foot facility in Bridgeport, Pennsylvania. Much of their work is residential, but they also produce a lot of office furniture, including desks and conference tables. They complete 125 commissions per year, consisting of about 500 separate pieces of furniture. Data about the production facility Overall facility is utilized at 100% right now (i.e., demand exceeds supply) Machines are valued at about $350,000 Depreciation: $60,000 per annum Rent for show rooms and factory: $150,000 per annum Indirect costs: $100,000 marketing; $180,000 management; $60,000 finishing quality control Inventory: $50,000 work-in-process and $20,000 raw material Suppliers must be paid one month before receiving the wood. Work force 12 full-time cabinet makers, each working about 220 days per year, 8 hours/day Wage: $20 per hour Of the total time spent by a worker on each piece of furniture, 40 hours is the actual labor content. 15% of the total time is spent on set-ups (build fixtures/program machines), and, 10% of time is idle, resulting from waiting for materials or rests i.e., labor utilization is around 90%). Finished Product Average selling price is $3,000 per unit Each unit of furniture requires 30kg of lumber (wood costs about $10 per kg) Scrap is an additional 25% of this content Customers make a 50% down payment, 3 months before receiving delivery of the order. The balance is paid upon delivery of the order. Paul Downs started making furniture in 1986, in a small shop in Manayunk. Over the years they have outgrown four other shops and now operate a 33,000 square-foot facility in Bridgeport, Pennsylvania. Much of their work is residential, but they also produce a lot of office furniture, including desks and conference tables. They complete 125 commissions per year, consisting of about 500 separate pieces of furniture. Data about the production facility Overall facility is utilized at 100% right now (i.e., demand exceeds supply) Machines are valued at about $350,000 Depreciation: $60,000 per annum Rent for show rooms and factory: $150,000 per annum Indirect costs: $100,000 marketing; $180,000 management; $60,000 finishing quality control Inventory: $50,000 work-in-process and $20,000 raw material Suppliers must be paid one month before receiving the wood. Work force 12 full-time cabinet makers, each working about 220 days per year, 8 hours/day Wage: $20 per hour Of the total time spent by a worker on each piece of furniture, 40 hours is the actual labor content. 15% of the total time is spent on set-ups (build fixtures/program machines), and, 10% of time is idle, resulting from waiting for materials or rests i.e., labor utilization is around 90%). Finished Product Average selling price is $3,000 per unit Each unit of furniture requires 30kg of lumber (wood costs about $10 per kg) Scrap is an additional 25% of this content Customers make a 50% down payment, 3 months before receiving delivery of the order. The balance is paid upon delivery of the order