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ROE and ROAXYZ firm has EBIT of $38 and assets of $280. The firm's debt carries an interest rate of 6% and the firm has

ROE and ROAXYZ firm has EBIT of $38 and assets of $280. The firm's debt carries an interest rate of 6% and the firm has $1.50 of debt for every dollar of equity. The firm's tax rate is 34%. What is the firm's ROE?

15.46% 16.45% 14.37% 16.74%

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