Maggies Skunk Removal Corp.s 2015 income statement listed net sales of $13.7 million, gross profit of $8.20 million, EBIT of $6.8 million, net income available to common stockholders of $4.4 million, and common stock dividends of $2.4 million. The 2015 year-end balance sheet listed total assets of $53.7 million and common stockholders' equity of $22.2 million with 2.0 million shares outstanding. Calculate the profit margin.