Question: Please help me out with this problem. I need it done asap. Thank you! ack to Assignment Attempts: Keep the Highest: / 0.5 11. Problem

Please help me out with this problem. I need it done asap. Thank you!

ack to Assignment Attempts: Keep the Highest: / 0.5 11. Problem 4.14 (Return on Equity) eBook Problem Walk-Through Pacific Packaging's ROE last year was only 6%, but its management has developed a new operating plan that calls for a debt-to-capital ratio of 55%, which will result in annual interest charges of $288,000. The firm has no plans to use preferred stock and total assets equal total invested capital. Management projects an EBIT of $600,000 on sales of $6,000,000, and it expects to have a total assets turnover ratio of 3.4. Under these conditions, the tax rate will be 25%. If the changes are made, what will be the company's return on equity? Do not round intermediate calculations. Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving

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