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QUESTION
If the return on operating assets (ROOA) is 7%, the return on net operating assets (RNOA) is 10%, net operating assets are $265, and operating
If the return on operating assets (ROOA) is 7%, the return on net operating assets (RNOA) is 10%, net operating assets are $265, and operating liabilities are $223, what is the implicit after-tax interest rate on the operating liabilities?
