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A firm has an asset turnover ratio of 5.0. Its plowback ratio is 60%, and it is all-equity-financed. What must its profit margin be if

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A firm has an asset turnover ratio of 5.0. Its plowback ratio is 60%, and it is all-equity-financed. What must its profit margin be if it wishes to finance 18% growth using only internally generated funds? (Do not round intermediate calculations. Enter your answer as a whole percent.) Profit margin %

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