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San Remo has a $4,020,000 asset investment and is subject to a 30% income tax rate. Cash inflows are expected to average $620,000 before tax over the next few years; in contrast, average income before tax is anticipated to be $509,000. The company's after-tax accounting rate of return is:
a. 8.86% b. 10.80% c. 12.66% d. 15.42% e. None of these.
Sagot :
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