Haven Inc.is in the 35 per cent tax bracket and has a 12 per cent rate of return.The after-tax rate of return is:

Name: Haven Inc.is in the 35 per cent tax bracket and has a 12 per cent rate of return.The after-tax rate of return is:
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

To calculate the after-tax rate of return, we need to deduct the taxes from the pre-tax rate of return. 
After-tax rate of return = pre-tax rate of return * (1 - tax rate)
= 12% * (1- 0.35)
= 7.8%
Therefore, the after-tax rate of return for Haven Inc. is 7.8%.

Haven IncIs in the 35 Per Cent Tax Bracket and Has