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Abacus Co. wishes to maintain a growth rate of 11 percent a year, a debtequity ratio of 1.4, and a dividend payout ratio of 27

Abacus Co. wishes to maintain a growth rate of 11 percent a year, a debtequity ratio of 1.4, and a dividend payout ratio of 27 percent. The ratio of total assets to sales is constant at 0.8.

What profit margin must the firm achieve? (in %) (round 4 decimal places)

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