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Pendant Publishing reported the following results for its Textbook Division. Pendant's target rate of return is 15% and the weighted average cost of capital is

Pendant Publishing reported the following results for its Textbook Division. Pendant's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%. What is the Textbook Division's Return on Investment (ROI)? A. 45.45% B. 200.00% C. 40.00% D. 20.00%

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