Use the information below to answer the following question(s) :
The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands) .
Management's target rate of return is 10% and the weighted average cost of capital is 8%. Tandem's effective tax rate is 35%.
-What is the Tandem division's Return on Investment (ROI) ?
Definitions:
David Raup
A notable paleontologist who made significant contributions to the understanding of patterns of extinction and the dynamics of biodiversity over geologic time.
Permian Extinction
A massive extinction event occurring about 252 million years ago, marking the boundary between the Permian and Triassic periods, and resulting in significant loss of species.
Carbon Dioxide Levels
The concentration of CO2 in the Earth's atmosphere, an important factor influencing climate change and global warming.
Marine Diversity
The variety and variability of life forms within ocean habitats, ranging from microscopic plankton to large marine mammals.
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