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Due to new tax legislation, a company expects to see its tax rate fall from an effective rate of 20.0% to 15.0%. Analysts had previously

Due to new tax legislation, a company expects to see its tax rate fall from an effective rate of 20.0% to 15.0%. Analysts had previously forecast Net Margin and ROE of 35.0% and 51.0% for next year. All things being equal how will they need to revise these forecasts? You may assume the company has no debt.

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