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CC Corp. has $ 3 7 5 , 0 0 0 of assets, and it uses only common equity capital, without any debt. Its sales

CC Corp. has $375,000 of assets, and it uses only common equity capital, without any debt. Its sales for the last year were $595,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. What profit margin would the firm need to achieve the 15% ROE, holding everything else constant?
A.10.42%
B.9.45%
C.10.94%
D.9.93%Zzzzz
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