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3) You have this data for the Pascal Company: Debt/Equity = 30% Total Debt = $5 million Cost of Debt = 10% Tax Rate =

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3) You have this data for the Pascal Company: Debt/Equity = 30% Total Debt = $5 million Cost of Debt = 10% Tax Rate = 40% ROA = 3% What is Pascal's ROE? (15 pts)

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