Use this information to questions $1-2.$

Full Limo Inc. offers high$-$end transportation services between the King of Prussia Mall $($KPM$)$ and Center City Philadelphia $(22\mathrm{.}5$ miles$).$ The invested capital is $$800,000,$ corresponding to the investment in the $4$ luxury vans it owns $($you can ignore all other invested capital$).$ Each van can carry $10$ passengers. Each van makes $12$ daily trips from Philadelphia to KPM and $12$ daily trips from KPM to Philadelphia. The company charges $$10$ for each one$-$way ride. The current load factor is $40\%($that is$,$ each ride has $4$ passengers on average$).$ A significant source of operating costs is the fuel cost. The company vans have a fuel economy each of $20$ mpg $($miles$/$gallon$).$ Current fuel prices are $$2\mathrm{.}629/$gallon$.$ The staff costs and other costs of operating the service and running the business are $$1$M per year. The company operates $365$ days a year.

Question $1(1$ point$)$

Saved

What is the ROIC? $($Round the answer to $2$ decimal places.$)$

Question $1$ options:

$37\mathrm{.}25\%$

$39\mathrm{.}84\%$

$40\mathrm{.}21\%$

$41\mathrm{.}21\%$

$42\mathrm{.}21\%$

Question $2(1$ point$)$

Saved

Assume that the company can increase the fuel efficiency of the vans to $25$mpg$.$ What would be the new ROIC? $($Round the answer to $2$ decimal places.$)$

Question $2$ options:

$37\mathrm{.}25\%$

$39\mathrm{.}84\%$

$40\mathrm{.}21\%$

$41\mathrm{.}21\%$

$42\mathrm{.}22\%$