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Abacus Co. wishes to maintain a growth rate of 13 percent per year, a debt-equity ratio of 1.20, and a dividend payout ratio of 30

Abacus Co. wishes to maintain a growth rate of 13 percent per year, a debt-equity ratio of 1.20, and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at .95. What profit margin must the firm achieve?

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