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Ringo Corporation had the following results last year (in thousands). Management's target rate of return is 15 % and the weighted average cost of capital

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Ringo Corporation had the following results last year (in thousands). Management'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 division's Return on investment (ROI)? A. 50.00% B. 32.80% C. 20.00% D. 500.00%

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