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Jasmine Manufacturing wishes to maintain a sustainable growth rate of 1 0 percent a year, a debt - equity ratio of 4 7 , and

Jasmine Manufacturing wishes to maintain a sustainable growth rate of 10 percent a year, a debt-equity ratio of 47, and a dividend payout ratio of 29 percent. The ratio of total assets to sales is constant at 1.28. 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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