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You found the following information about Markus Inc. (in millions $) for the year 2022: NOPAT = $28; after-tax interest = $4; beginning equity =

You found the following information about Markus Inc. (in millions $) for the year 2022: NOPAT = $28; after-tax interest = $4; beginning equity = 180, ending equity = 190. Using average equity method, calculate the return on equity for Markus Inc. for 2022.

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