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ROE and ROA XYZ firm has EBIT of $32 and assets of $210. The firm's debt carries an interest rate of 5% and the firm

ROE and ROA XYZ firm has EBIT of $32 and assets of $210. The firm's debt carries an interest rate of 5% and the firm has $2.10 of debt for every dollar of equity. The firm's tax rate is 34%. What is the firm's ROE?

24.54%

22.17%

23.26%

24.25%

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