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Bed Bug Inn has annual sales of $237,000. Earnings before interest and taxes is equal to 5.8 percent of sales. For the period, the firm

Bed Bug Inn has annual sales of $237,000. Earnings before interest and taxes is equal to 5.8 percent of sales. For the period, the firm paid $4,700 in interest. What is the profit margin if the tax rate is 34 percent?

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