Multiple Choice
Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) . Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%. 
What is the division's Return on Investment (ROI) ?
A) 400.00%
B) 20.00%
C) 80.00%
D) 32.80%
Correct Answer:
Verified
Correct Answer:
Verified
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