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QUESTION
A firm has a debt/equity ratio of 50%. currently, it has interest expense of $500,000 on $5,000,000 of total debt outstanding and a tax rate of 40%. if the firm's roa is 6%, calculate the firm's roe.
A firm has a debt/equity ratio of 50%. currently, it has interest expense of $500,000 on $5,000,000 of total debt outstanding and a tax rate of 40%. if the firm's roa is 6%, calculate the firm's roe.
