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Retrieved from Xu X, Bishop EE, Kennedy SM, Simpson SA, Pechacek TF (2015) Annual healthcare spending attributable to cigarette smoking: an update
Using replacement value, the return would have been about 40%.) In 1986 that profit had risen to $802 million, and by 1999, the new Tobaccoville plant produced $469 million profit, a 20% ROE, and $1.2 billion cash flow even as cigarette demand was falling rapidly
At this point, one has to assume that the next step will be for Big Tobacco to wade into this thing, lobbying folks in an effort to defeat these proposals
PMID 14772469
