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Nevis Enterprises reported a return on invested capital of 10% in the most recent year and a reinvestment rate of 60%. The firm expects its
Nevis Enterprises reported a return on invested capital of 10% in the most recent year and a reinvestment rate of 60%. The firm expects its return on capital to rise to 12% over the next 3 years on both existing investments and new investments. What will the compounded average annual expected growth rate be over the five years?
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