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A firm requires an investment of $20,000 and will return $24,000 after one year. If the firm borrows $10,000 at 7% what is the return

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A firm requires an investment of $20,000 and will return $24,000 after one year. If the firm borrows $10,000 at 7% what is the return on levered equity? A. 33% B. 39.6% C. 26.4% D. 46.2%

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