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Pendant Publishing Reported the Following Results for Its Textbook Division

Question 50

Multiple Choice

Pendant Publishing reported the following results for its Textbook Division: Pendant Publishing reported the following results for its Textbook Division: Pendant's target rate of return is 24% and the weighted average cost of capital is 14%. Its effective tax rate is 25%. What is the Textbook Division's Return on Investment (ROI) ? A) 20.00% B) 51.82% C) 40.00% D) 200.00% Pendant's target rate of return is 24% and the weighted average cost of capital is 14%. Its effective tax rate is 25%.
What is the Textbook Division's Return on Investment (ROI) ?


A) 20.00%
B) 51.82%
C) 40.00%
D) 200.00%

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