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Gamgee Company wishes to maintain a growth rate of 11.6 percent per year, a debt-equity ratio of 1.6, and a dividend payout ratio of 25

Gamgee Company wishes to maintain a growth rate of 11.6 percent per year, a debt-equity ratio of 1.6, and a dividend payout ratio of 25 percent. The ratio of total assets to sales is constant at .88. What profit margin must the firm achieve?

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