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You found the following information about Markus Inc. ( in millions $ ) for the year 2 0 2 2 : NOPAT = $ 1

You found the following information about Markus Inc. (in millions $) for the year 2022: NOPAT = $19; after-tax interest = $4; beginning equity =180, ending equity =190. Using average equity method, calculate the return on equity for Markus Inc. for 2022.
a.
12.43%
b.
12.97%
c.
10.27%
d.
8.11%
e.
11.35%

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