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A firm has an ROE of 4 % , a debt - to - equity ratio of 0 . 9 , and a tax rate

A firm has an ROE of 4%, a debt-to-equity ratio of 0.9, and a tax rate of 35% and pays an interest rate of 7% on its debt. What is its operating ROA?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
ROA=______%
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