Multiple Choice
The Cookie Division of Cake Boss Company is considering an investment in a new project.The project has an estimated cost of $1,000,000.If Cake Boss Company has a target rate of return of 12%,how large does the return on investment on this project need to be to generate $150,000 of residual income?
A) 15%
B) 12%
C) 25%
D) 27%
Correct Answer:
Verified
Correct Answer:
Verified
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