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Assume that a farmer has $223,500 in Total Assets and $90,500 in Liabilities, faces 20% income tax rate, and 15% consumption rate. Further, assume
Assume that a farmer has $223,500 in Total Assets and $90,500 in Liabilities, faces 20% income tax rate, and 15% consumption rate. Further, assume that the interest rate is 10.5%. What is the rate-of-return on assets if the growth rate is 9.5%?
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