A firm requires an investment of $30,000 and will return $35,000 after 1 year. If the firm borrows $20,000 at 10% what is the return on levered equity?

Name: A firm requires an investment of $30,000 and will return $35,000 after 1 year. If the firm borrows $20,000 at 10% what is the return on levered equity?
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The Answer of A firm requires an investment of $30,000 and will return $35,000 after 1 year. If the firm borrows $20,000 at 10% what is the return on levered equity?

A Firm Requires an Investment of $30,000 and Will Return