years ago, a company made a S500,000 investment in a new high-temperature material. The product did poorly after only 1 year on the market. However, with a new name and advertising campaign 4 years later it did much better. New development funds 7. Five have been expended this year (year 5) at a cost of S1.5 million. Determine th of return using the ROIC approach and an investment rate of 15% per year. The irate is 44.190 per year. e external rate Year Cash Flow, S -500,000 400,000 0 2,000,000 -1,500,000