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4-15. Return on equity Central City Construction (CCC) needs $3 million of assets to get started, and it expects to have a basic earning power

4-15. Return on equity Central City Construction (CCC) needs $3 million of assets to get started, and it expects to have a basic earning power ratio of 20%. CCC will own no securities, so all of its income will be operating income. If it chooses to, CCC can finance up to 60% of its assets with debt, which will have an 10% interest rate. Assuming a 40% tax rate on all taxable income, what is the difference between its expected ROE if CCC finances with 60% debt versus its expected ROE if it finances entirely with common stock? Round your answer to two decimal places. Can someone please help me solve this, I need help asap

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