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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A group of private equity investors provided $16 million to a start-up company involved in making high-technology detection systems for drugs and other types of contraband. Immediately after the investment was made, another investment opportunity came up for which the investors didn’t have enough capital. That project would have yielded an estimated rate of return of 29% per year before taxes. If the group’s effective tax rate is 32%, what after-tax rate of return would the forgone project have yielded?
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