Question: Suppose Sonaiya Development Group is considering a project that will require $250,000 in assets. The project is expected to produce an EBIT of $45,000. The

Suppose Sonaiya Development Group is considering a project that will require $250,000 in assets. The project is expected to produce an EBIT of $45,000. The project will be financed with 100% equity. Common equity outstanding will be 30,000 shares. The company faces a tax rate of 35%. What is the ROE? PLEASE SHOW STEPS

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