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Abacus Co. wishes to maintain a growth rate of 11 percent a year, a debtequity ratio of 1.8, and a dividend payout ratio of 28

Abacus Co. wishes to maintain a growth rate of 11 percent a year, a debtequity ratio of 1.8, and a dividend payout ratio of 28 percent. The ratio of total assets to sales is constant at 0.9.

What profit margin must the firm achieve? (in %)

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)

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