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A firm has EBIT of $14 million, interest expense of $1 million, and pays taxes of $6 million. The firm has a market-to-book ratio of

A firm has EBIT of $14 million, interest expense of $1 million, and pays taxes of $6 million. The firm has a market-to-book ratio of 5.25. If the firm has 30 million shares outstanding at a current price of $12 per share, what is its ROE?

	16%
	2.8%
	24%
	10%
	6.2%

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