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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 . 4

Jasmine Manufacturing wishes to maintain a sustainable growth rate of 8.25 percent a year, a debt-equity ratio of .44, and a dividend payout ratio of 30.5 percent. The ratio of total assets to sales is constant at 1.31. What profit margin must the firm achieve?

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