Question: Please answer and provide an explanation For a given company, the return on invested capital (ROIC) is 13.5 percent, the tax rate is 34 percent,

Please answer and provide an explanation

For a given company, the return on invested capital (ROIC) is 13.5 percent, the tax rate is 34 percent, and the pretax cost of debt is 8.8 percent. If its debt-to-equity ratio is equal to 2.0, what is the return on equity (ROE)? a. 17.80 percent. b.28.88 percent Oc 16.30 percent. d. 25.30 percent

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