Firms hl and ll are identical except for their financial leverage ratios and the interest rates they pay on debt. each has $12 million in invested capital, has $1.8 million of ebit, and is in the 40% federal-plus-state tax bracket. firm hl, however, has a debt-to-capital ratio of 60% and pays 13% interest on its debt, whereas ll has a 25% debt-to-capital ratio and pays only 8% interest on its debt. neither firm uses preferred stock in its capital structure. calculate the return on invested capital (roic) for each firm. round your answers to two decimal places. roic for firm ll is % roic for firm hl is % calculate the rate of return on equity (roe) for each firm. round your answers to two decimal places. roe for firm ll is % roe for firm hl is % observing that hl has a higher roe, ll's treasurer is thinking of raising the debt-to-capital ratio from 25% to 60% even though that would increase ll's interest rate on all debt to 15%. calculate the new roe for ll. round your answer to two decimal places. %

2. the external environment (connect)choose whether each example belongs in the general, task, or internal environment.exampleenvironmenta worldwide recession task environment / general environment / internal environmentlocal mothers asking their community grocery store to carry no-salt cheerios-type cereal for their babies task environment / general environment / internal environmentchoose the phrase that best completes the following sentence.the relationship between the task environment and the general environment is best described as: a one-way system: changes in the task environment affect the general environment, but changes in the general environment do not affect the task environment.an open system: changes in the task environment affect the general environment, and changes in the general environment affect the task environment.a one-way system: changes in the general environment affect the task environment, but changes in the task environment do not affect the general environment.a closed system: changes in the general environment do not affect the task environment, and changes in the task environment do not affect the general environment.©bloomberg via getty imagesmanagement in the newsin april 2010, the explosion of british petroleum’s (bp) deepwater horizon oil drilling rig and the accompanying oil spill dramatically changed the external environment in which all oil companies operate. the explosion released more oil than any other accidental spill in history and had a huge impact on the waters and surrounding communities of the gulf coast. the conditions that led to the spill, the attempts to stop the spill, and the clean-up and aftermath of the spill prompted debates in the u.s. senate, concern on wall street, and attention from companies all over the world.match each oil spill event with a specific dimension of the general environment.eventgeneral environment dimensionbp stock prices falling 25% during the first month after the oil spill oil seeping into pelican nesting grounds, which will place the brown pelican back on the endangered species list people moving from louisiana to oklahoma to avoid the effects of the spill