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A firm wishes to maintain a growth rate of 1 1 . 8 % and a dividend payout ratio of 2 2 % . The

A firm wishes to maintain a growth rate of 11.8% and a dividend payout ratio of 22%. The ratio of total assets to sales is constant at 0.60, and profit margin is 6.5%.
If the firm also wishes to maintain a constant debt-equity ratio, what must it be?(Do not round your intermediate calculations. Round your final answer to 2 decimal places.)
Debt-equity ratio

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