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A firm requires an investment of $18,000 and will return $26,000 after one year. If...

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Finance

A firm requires an investment of $18,000 and will return $26,000 after one year. If the firm borrows $12,000 at 7% what is the return on levered equity?

167.1%

143.2%

95.5%

119.3%

Answer & Explanation Solved by verified expert
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