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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 25% and the weighted average cost of capital is 5%. Its effective tax rate is 25% What is the division's Return on Investment (ROI)? A. 325.00% B. 20.75% C. 97.50% D. 30.00%

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