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Juni Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt- equity ratio of .49, and a dividend payout ratio

Juni Manufacturing wishes to maintain a sustainable growth rate of 9.5 percent a year, a debt-

equity ratio of .49, and a dividend payout ratio of 28 percent. The ratio of total assets to sales

is constant at 1.26. What profit margin must the firm achieve in order to meet its growth rate

goal?

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