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Bookworks Publishing reported the following results for its Textbook Division: Bookworks' target rate of return is 25% and the weighted average cost of capital is

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Bookworks Publishing reported the following results for its Textbook Division: Bookworks' target rate of return is 25% and the weighted average cost of capital is 6%. Its effective tax rate is 20%. What is the Textbook Division's sales margin? A. 230% B. 24.13% C. 34.5% D. 15%

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