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Task 1: The firms average cost of capital (required rate of return) is 14%. The firm has used 1,000,000 of invested capital (equity and debt)

Task 1: The firms average cost of capital (required rate of return) is 14%. The firm has used 1,000,000 of invested capital (equity and debt) to generate an operating profit before interest and after tax of 165,000 during the past year. Find the firms economic profit.

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