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Suppose a firm has interest coverage ratio of 2 , a tax liability of $ 1 million, and interest expense of $ 1 . 5

Suppose a firm has interest coverage ratio of 2, a tax liability of $1 million, and interest expense of $1.5 million. The book equity last year was $1.5 million. The net income will be $
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. The return on equity will be
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%(without commas). Round your answers to the nearest integer.

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