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ABC Co. wishes to maintain a growth rate of 10percent a year, a debt-equity ratio of 1.5, and a dividend payout ratio of 25percent. The

ABC Co. wishes to maintain a growth rate of 10percent a year, a debt-equity ratio of 1.5, and a dividend payout ratio of 25percent. The ratio of total assets to sales is constant at 0.6.

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

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