Rhonda lends $200,000 for each new idea.Rhonda's history is that he selects low-risk projects or ideas that hit 60% of the time.What rate of return must each successful project pay Rhonda for him to break even?

Name: Rhonda lends $200,000 for each new idea.Rhonda's history is that he selects low-risk projects or ideas that hit 60% of the time.What rate of return must each successful project pay Rhonda for him to break even?
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Rhonda Lends $200,000 for Each New Idea