3. a. SGR = .75 (.04) (1.6667) = 8.11% .6667 - [.75(.04) (1.6667)] L JL > The...

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3.

a. SGR = .75 (.04) (1.6667) = 8.11%

.6667 - [.75(.04) (1.6667)]

L JL >

The company has moved from steady state with higher target operating efficiency,

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