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JBHF, a retail company based in Australia, has 25 million ordinary shares. The book value of equity is $450 million. The cost of debt is

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JBHF, a retail company based in Australia, has 25 million ordinary shares. The book value of equity is $450 million. The cost of debt is 9%, with $250 million outstanding book value of debt. The weighted average cost of capital is 17.5%. Present value of lease commitment is $27.500. The deferred tax asset is $85,000 in 2019. The ordinary shares of JBHF had a market price of $8.86 on the day you purchased them just one year ago During the year the shares paid a dividend of $0.71 and closed at price of $10.47. What rate of return did you earn on your investment in JBHF's shares over the past year? Select one: O a. 26.19% O b. 28.80% O c. 23.50% O d. 25.20%

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