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The last option was cut off - 20 percent What is the expected return on equity for firm in the 40 percent tax bracket with

image text in transcribedThe last option was cut off - 20 percent

What is the expected return on equity for firm in the 40 percent tax bracket with a 15 percent expected return on assets that pays 12 percent on its debt, which totals 25 percent of assets? Multiple Choice 24 percent 15.60 percent 16 percent

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