Chang Corp. has $$375,000$ of assets, and it uses only common equity capital $($zero debt$).$ Its sales for the last year were $$595,000,$ and

its net income was $$25,000.$ Stockholders recently voted in a new management team that has promised to lower costs and raise the

return on equity to $15\mathrm{.}0\%.$ What profit margin would the firm need in order to achieve the $15\%$ ROE, holding everything else constant?

$10\mathrm{.}42\%$

$9\mathrm{.}45\%$

$10\mathrm{.}94\%$

$9\mathrm{.}93\%$