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Could you please explain this task? thank you in advance! Compute the July 2014 cost of capital (rounded to nearest percent) for an investment center
Could you please explain this task? thank you in advance! Compute the July 2014 cost of capital (rounded to nearest percent) for an investment center with the following information: Pre-tax operating income for July 2014 $15,500,000 Assets at July 31, 2014 8,200,000 Current liabilities at July 31, 2014 3,200,000 Long-term liabilities at July 31, 2014 2,200,000 Income tax expense for July 31, 2014 5,500,000 EVA 9,500,000
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