QUESTION 7 9,0 ABC Inc. is evaluating a project that will require $800,000 in assets. The project is financed with 50% debt and 50% equity and is expected to generate earnings before interest and taxes of $120,000. The firm has a tax rate of 15% and pays 3% interest on the debt What is the ROE (return on equity) for this project? O 16.50% 15.00% 0 22.95% 04.05% 90