You are given the following information for Western, Inc.

Sales $240,000$

Debt $130,000$

Dividends $5,000$

Equity $30,000$

Interest rate $7\%$

Net income $16,000$

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. $($Hint: First prepare income statement working backwards from the bottom to find EBIT.$)$

What is the company$$s return on invested capital $($ROIC$)?$