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ABC company opened a new branch with an initial investment of $30,000,000. During the first year, ABC generated revenue of $22,000,000 and profit of

ABC company opened a new branch with an initial investment of $30,000,000. During the first year, ABC generated revenue of $22,000,000 and profit of $3,000,000. What is ABC's profit margin? (Please round your answer to two decimal places)

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