What is your return on equity

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Reference no: EM131554224

You purchase a small business that is valued at $366983. You decide to borrow $63244 at 2% interest and pay for the rest with equity. The debt is due in one year, and you expect the firm to have cash flows of $74942 in one year. What is your return on equity?

Answer in decimal form Round to two decimal places,

Reference no: EM131554224

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