If the after-tax rate of return for a cash flow series is 11.2% and the corporate effective tax rate is 39%, the approximated before-tax rate of return is closest to: Select one: a. 18.36 % b. 6.8 % C. 28.7 % d. 5.4 %
If the after-tax rate of return for a cash flow series is 11.2% and the corporate effective tax rate is 39%, the approximated before-tax rate of return is closest to: Select one: a. 18.36 % b. 6.8 % C. 28.7 % d. 5.4 %
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 2P
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