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A firm has a profit margin of 15 percent on sales of $2,000,000. If the firm has debt of $750,000, total assets of $2,500,000, and

A firm has a profit margin of 15 percent on sales of $2,000,000. If the firm has debt of $750,000, total assets of $2,500,000, and an after-tax interest cost on total debt of 5 percent, what is the return on asset. Question 12 options: 10.5% 11.50% 12.5% 12.00% 13.00%

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