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You are trying to value Stanley Motors, a mature auto company. In the most recent year, the company reported $ 2 0 million in after
You are trying to value Stanley Motors, a mature auto company. In the most recent year, the company reported $ million in aftertax operating income on revenues of $ billion, largely the economy was in a recession. If the average aftertax operating margin for Stanley Motors over the entire economic cycle is and the company has invested capital of $ million, what normalized return on capital does the company generate?
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