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Question 1 You are trying to estimate a growth rate for USF Inc. The firm earned $100 million in after-tax operating income on capital invested

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Question 1 You are trying to estimate a growth rate for USF Inc. The firm earned $100 million in after-tax operating income on capital invested of $800 million last year. In addition, the firm reported net capital expenditures of $25 million and an increase in noncash working capital of $15 million. Assuming that the firm's ROC and reinvestment rate remain unchanged, estimate the expected growth in operating income next year

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