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Determine the required before-tax rate of return if an after-tax return of 9% per year is expected and the state and local tax rates total
Determine the required before-tax rate of return if an after-tax return of 9% per year is expected and the state and local tax rates total 5%. The effective federal tax rate is 30%. (Round the final answer to two decimal places.) The required before-tax rate of return is?
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Engineering Economy
Authors: Leland T. Blank, Anthony Tarquin
8th edition
73523439, 73523437, 978-0073523439
