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DuPont and Roe A firm has a profit margin of 8% and an equity multiplier of 1.8. Its sales are $300 million, and it has

DuPont and Roe A firm has a profit margin of 8% and an equity multiplier of 1.8. Its sales are $300 million, and it has total assets of $90 million. What is its ROE? Round your answer to two decimal places. ________ %

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