Pendant Publishing reported the following results for its Textbook Division: 
Pendant's target rate of return is 24% and the weighted average cost of capital is 14%. Its effective tax rate is 25%.
What is the Textbook Division's Return on Investment (ROI) ?
A) 20.00%
B) 51.82%
C) 40.00%
D) 200.00%
Correct Answer:
Verified
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