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Your sister is thinking about starting a new business. The company would require $438,500 of assets, and it would be financed with 90% equity. She
Your sister is thinking about starting a new business. The company would require $438,500 of assets, and it would be financed with 90% equity. She will go forward only if she thinks the firm can provide an ROE of 11.0%. How much net income must be expected to warrant starting the business? $45,689 $50,625$48,094 $43,412 $41,250
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