You are an equity analyst and have computed the following figures for two manufacturers of paper products. The first, PaperPro, has NOPLAT of $325 million, invested capital without goodwill of $2,500 million, and goodwill of $950 million. The second, ExpertPaper, has NOPLAT of $750 million, invested capital without goodwill of $6,000 million, and no goodwill. If the cost of capital for both firms is 10 percent, what is the ROIC for each company? Which company is creating more value? ROIC excluding goodwill is 13 percent for PaperPro and 12.5 percent for ExpertPaper; both O a. companies are creating value. ROIC including goodwill is 9.4 percent for ExpertPaper and 12.5 percent for PaperPro; neither of the Ob. companies is creating value. ROIC including goodwill is 9.4 percent for PaperPro and 12.5 percent for ExpertPaper; both companies are creating value. ROIC including goodwill is 9.4 percent for PaperPro and 12.5 percent for ExpertPaper; only O. Expert Paper is creating value