You have the following information about two firms, Debt Free, Inc. and Debt Spree, Inc. Both firms have the same prospects for sales and EBIT, and both have the same level of assets, tax rate and borrowing rate. They differ in their use of debt financing Bad year Normal year Good year Sales EBIT 200 24 275 30 380 49 Debt Free 250 Debt Spree 250 Total assets Tax rate Debt Equity Borrowing rate 35% 35% 150 100 250 16 % 16 % Calculate the interest expense for each firm: Interest expense for Debt Free Interest expense for Debt Spree Calculate the following items for each firm for each scenario (bad year, normal year, good year): return on assets (ROA), net profit, and return on equity (ROE). (Use a minus sign to indicate negative answers. Round your answers to 2 decimal places.) Debt Spree Net Profit Debt Free ROA Net Profit ROE ROA ROE Bad year Normal year Good year