=1/An entrepreneur is determined to retain control of his company and refuses to accept any outside investors.

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=1/An entrepreneur is determined to retain control of his company and refuses to accept any outside investors. The company’s return on capital employed is 10% after tax. He wishes to achieve growth of 25% a year. The cost of debt is 7% before tax, and the tax rate is 40%.

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Corporate Finance Theory And Practice

ISBN: 9781118849330

4th Edition

Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

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