We are given the following information for Pinanski, Inc. Sales$130,000Debt45,000Dividends5,000Equity40,000Interest rate7%Net income15,000Tax rate30%...

We are given the following information for Pinanski, Inc.

Sales$130,000Debt45,000Dividends5,000Equity40,000Interest rate7%Net income15,000Tax rate30%

Assume the company has no short-term debt. Also, assume that all asset turnover, profit margin, and dividend payout ratios remain constant. What is the company's return on invested capital (ROIC)? (Hint: First, find EBIT working backwards.)

A.20.24%

B.22.45%

C.16.52%

D.18.28%

E.13.51%

F.14.94%