Question
You have an investment of $400,000 in a start-up business. Your hurdle rate is 12%. 1.What After tax income would you require to meetyour hurdle
You have an investment of $400,000 in a start-up business.
Your hurdle rate is 12%.
1.What After tax income would you require to meetyour hurdle rate?
2.The tax rate for this business is 20%. What wouldthe pre-tax income have to be to achieve this level?
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
