A businessman wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified?

A. 12.1%	C. 12.7%
B. 11.1%	D. 10.7%

Jhun Vert Thu, 07/04/2024 - 19:03

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Orphaned Multiple Choice Questions (MCQ) due to changes of exam system.

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