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An investor is considering renovating a building. the total cost of renovation is expected to be $100,000, of which 75% can be borrowed. Given the

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An investor is considering renovating a building. the total cost of renovation is expected to be $100,000, of which 75% can be borrowed. Given the after-tax cash flows to the equity investor as showed below, what is the incremental return from renovating? (A)

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