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3 pts Assume that your firm has a return on assets of 12.0%, sales of $100,000,000, total assets of $80,000,000, a return on equity of

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3 pts Assume that your firm has a return on assets of 12.0%, sales of $100,000,000, total assets of $80,000,000, a return on equity of 18.0%, an interest rate on total debt of 9 percent, and a tax rate of 40 percent. Given this information, determine the firm's basic earnings power. O 22% O 25% O 21% 23% 0 24%

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