Capital employed at the end of the year is 4,20,000. Profit earned 40.000. Average capital employed
is
a) 4,20,000 w 4,00,000 c) 34,40,000
d) 34,60,000
14. Rate of interest is 11% and the rate of risk is 9%. The normal rate of return is
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Explanation:
4,00,000
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