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Abacus Co. wishes to maintain a growth rate of 14 percent a year, a debtequity ratio of 1.3, and a dividend payout ratio of 25

Abacus Co. wishes to maintain a growth rate of 14 percent a year, a debtequity ratio of 1.3, and a dividend payout ratio of 25 percent. The ratio of total assets to sales is constant at 0.6. What profit margin must the firm achieve? (in %)

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