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Your young brother is considering starting a new business. The new business that your young brother is planning to launch requires a total asset with
Your young brother is considering starting a new business. The new business that your young brother is planning to launch requires a total asset with an amount of $375,000. Moreover, your brother is planning to finance the new business solely with common stock Your brother will go forward with the new business only if he believes the new business will provide a 13.5% return on the invested capital How much net income must be expected to warrant starting the business
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