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ABC firm needs an investment of $20,000 which will generate a cash flow of $26,500 at the end of one year. The firm takes a

ABC firm needs an investment of $20,000 which will generate a cash flow of $26,500 at the end of one year. The firm takes a loan of $6000 at an interest rate of 7 per cent. The return on levered equity of ABC firm is equal to:

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