1 This year, Acme Inc achieved a 16.8% profit margin on $551,000 of net income. Their asset turnover was 1.13 on $2,900,000 of total assets. The board of directors however is dissatisfied with last year's ROA of 0.19 and want management to increase ROA next year to 0.23 . They also specify that the net profit margin remain unchanged and total assets grow by 2%. What is the target growth rate in net income needed to meet the board's goal? 23.5% 31.0% 27.0% 20.4% 17.7%