A firm has total assets worth $2 million. Its debt to equity ratio is .60....
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Finance
A firm has total assets worth $2 million. Its debt to equity ratio is .60. The firm's EBIT is $450,000 and interest expense is $50.000. The firm's tax rate is 40%. What is the firm's return on equity? Please enter your answer as a percentage (without the \% sign) to two decimals
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