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Firm A has $500,000 in cash and $50 million in common equity in a given year. The firm's net income is $7.33 million. What is

Firm A has $500,000 in cash and $50 million in common equity in a given year. The firm's net income is $7.33 million. What is the Return on Equity (ROE) of this firm? Type your answer in the box below.

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