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Jasmine Manufacturing wishes to maintain a sustainable growth rate of 8 . 2 5 percent a year, a debt - equity ratio of . 5

Jasmine Manufacturing wishes to maintain a sustainable growth rate of 8.25 percent a year, a debt-equity ratio of .54, and a dividend payout ratio of 25.5 percent. The ratio of total assets to sales is constant at 1.21. What profit margin must the firm achieve?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.Profit margin

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