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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its

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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,65s. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15 %. What profit margin would LeCompte need in order to achieve the 15 % ROE , holding everything else constant? O a 8.76% O b. 7.95 % Oc 8.35% d. 9.20% e. 7.57%

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