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Bookworks Publishing reported the following results for its Textbook Division: Bookworks' target rate of return is 22% and the weighted average cost of capital is

Bookworks Publishing reported the following results for its Textbook Division: Bookworks' target rate of return is 22% and the weighted average cost of capital is 19%. Its effective tax rate is 35%. What is the Textbook Division's Return on Investment (ROI)? A. 23.04% B. 15% C. 34.5% D. 230%

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