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A company has $700,000 in equity and income before interest and taxes of $60,000. The corporate tox rate is 21 percent, if $300,000 of bonds

A company has $700,000 in equity and income before interest and taxes of $60,000. The corporate tox rate is 21 percent, if $300,000 of bonds are issued at 8 percent, what is the rate profit on stockholders' equity? Murple Choice 85x gox

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