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Dante Co. wishes to maintain a growth rate of 10.8 percent a year, a debtequity ratio of 1.2, and a dividend payout ratio of 28

Dante Co. wishes to maintain a growth rate of 10.8 percent a year, a debtequity ratio of 1.2, and a dividend payout ratio of 28 percent. The ratio of total assets to sales is constant at .84. What profit margin must the firm achieve?

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