Laura has $10 million invested in capital, $2 million in EBIT, and is in the...
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Finance
Laura has $10 million invested in capital, $2 million in EBIT, and is in the 50% federal plus state tax bracket. Laura has a 30% debt to capital ratio and pays 10% on its debt. What is the ROE for Laura?
a) 19.65%
b) 12.14%
c) 26.43%
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