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. Young Enterprises has $ 2 million in assets, $ 4 0 0 , 0 0 0 of EBIT, and has a 4 0 %

. Young Enterprises has $2 million in assets, $400,000 of EBIT, and has a 40% tax rate. The firm also has a debt to assets ratio of 60% and pays 12% interest on its debt. What is Young's ROE?
a.19.20%
b.17.40%
c.17.10%
d.16.80%

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