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Christine Bloom, the archrival of Sally Field, sets up a competing corporation. Christine has only $15,000 to invest in the business, but wants to open
Christine Bloom, the archrival of Sally Field, sets up a competing corporation. Christine has only $15,000 to invest in the business, but wants to open a business that is similar to Sally s. In addition to the $15,000, Christine borrows $20,000 from Topps Bank in the form of debt at a cost of 10%. The business is not going well and has a small cash flow of $2,000 per year. Calculate the annual return to Christine
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