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A firm has an ROE of 4 . 5 % , a debt - to - equity ratio of 0 . 8 , and a

A firm has an ROE of 4.5%, a debt-to-equity ratio of 0.8, and a tax rate of 21% and pays an interest rate of 5% on its debt. What is its operating ROA?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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