Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN: 9781337909730
Author: Brigham
Publisher: Cengage
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Kindly help me with general accounting question

The project requires $700,000 in assets and
will be 100% equity financed. If EBIT is
$60,000 and the tax rate is 35% and assuming
the company has a large, positive income
overall, what is ROE?
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Transcribed Image Text:The project requires $700,000 in assets and will be 100% equity financed. If EBIT is $60,000 and the tax rate is 35% and assuming the company has a large, positive income overall, what is ROE?
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Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
Publisher:Cengage