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5. ROE at Selected Target Dates

ROE 20% at Selected Target Dates.


1 Key Management Action: Number of Licenses to be Sold.

Using the cash flow and financial statements find the necessary increase in the number of licenses to be sold so to obtain a 20% ROE at a certain moment after starting business activity:

a. Find the necessary increase in the number of licenses to be sold so to obtain a 20% ROE 18 months after starting business 

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