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First Banks ROE was a disappointing 2.5% last year. To improve it, management will move the firms Equity/Assets ratio to 8%, achieve a $2,000 operating

First Banks ROE was a disappointing 2.5% last year. To improve it, management will move the firms Equity/Assets ratio to 8%, achieve a $2,000 operating profit before taxes and establish an asset utilization ratio of 12% on operating revenues of $20,000. The firms new tax rate will be 30%. With these changes, what will be First Banks return on equity? What will be its return on assets?

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