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Question 11 (1 point) An investor is considering starting a new business. The company would require $116,000 of assets, and it would be financed entirely
Question 11 (1 point) An investor is considering starting a new business. The company would require $116,000 of assets, and it would be financed entirely with common stock. The investor will go forward only if she thinks the firm can provide a 15.0% return on the invested capital, which means that the firm must have an ROE of 15.0%. How much net income must be expected to warrant starting the business? Your
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