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A firm has an ROE of 3%, a debt/equity ratio of 0.4, a tax rate of 35%, and pays an interest rate of 8% on

A firm has an ROE of 3%, a debt/equity ratio of 0.4, a tax rate of 35%, and pays an interest rate of 8% on its debt. What is its operating ROA? (Do not round intermediate calculations.Round your answer to 2 decimal places.)

ROA %

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