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A firm has an ROE of 4.7%, a debt-to-equity ratio of 0.5, and a tax rate of 40% and pays an interest rate of 8%

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A firm has an ROE of 4.7%, a debt-to-equity ratio of 0.5, and a tax rate of 40% and pays an interest rate of 8% on its debt. what is its operating ROA? (Do not round Intermediate calculatlons. Round your answer to 2 declmal places.) ROA

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