Young Enterprises has $2 million in assets, $400,000 of EBIT, and has a 40% tax rate. The firm also has a debt-to-assets ratio of 50% and pays 12% interest on its debt. What is Young’s ROE? (Points: 4), 16.80% , 17.10% , 17.40% , 17.70% , 18.00% ,,,
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