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X X X X Wall Ausun Oriffin Spotify > www.chegg.com X MYour one-time code New Tab Question 6 - Chapter X ation.com/et/map/index.html?_con-congexternal browser=0&launchurl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-grow... * Outside

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X X X X Wall Ausun Oriffin Spotify > www.chegg.com X MYour one-time code New Tab Question 6 - Chapter X ation.com/et/map/index.html?_con-congexternal browser=0&launchurl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-grow... * Outside Agriculture Internation busine BlueButton BUS348-1-Spring + work Saved Help Save & Exit Submit Check my work You are considering a stock investment in one of two firms (NoEquity, Inc. and NoDebt, Inc.), both of which operate in the same Industry and have identical operating income of $10.0 million NoEquity, Inc, finances its $40 million in assets with $39 million in debt on which it pays 10 percent interest annually and $1 million in equity NoDebt, Inc finances its $40 million in assets with no debt and $40 million in equity. Both firms pay a tax rate of 30 percent on their taxable income Calculate the net income and return on assets for the two firms. (Enter your dollar answers in millions of dollars. Round all answers to 2 decimal places.) AlDebt million % Arquity milion Income available for stor Return on astettunders investment

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