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Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of return is 10%

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Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average cost of capital is 20%. Its effective tax rate is 30%. What is the division's Return on Investment (ROI)? A. 140% B. 79% C. 700% D. 20%

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