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A firm has a profit margin of 6 . 5 % and an equity multiplier of 1 . 8 . Its sales are $ 2

A firm has a profit margin of 6.5% and an equity multiplier of 1.8. Its sales are $290 million, and it has total assets of $174 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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