Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 86

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%
C) 18.0%
D) 28.7%