If the after-tax rate of return for a cash flow series is 11.9% and the corporate effective

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If the after-tax rate of return for a cash flow series is 11.9% and the corporate effective tax rate is 34%, the approximated before-tax rate of return is closest to:

(a) 6.8%

(b) 5.4%

(d) 28.7%

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:36 AM

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If the after-tax rate of return for a cash flow series is 11.9% and the corporate effective

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Engineering economy

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