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Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 million investment in the business. If they borrow $2 million at 10% and use it to retire stock, how will the return on their investment (equity) change if earnings before interest and taxes remains the same
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Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 millio...
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