FIN 331 – Broward Manufacturing recently reported the following information

Broward Manufacturing recently reported the following information:Net income$290,000ROA12%Interest expense$113,100Accounts payable and accruals$1,000,000Broward’s tax rate is 40%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC).