McCormac Co. wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.41, and a dividend payout ratio of 52 percent. The ratio of total assets to sales is constant at 1.33. Required: What profit margin must the firm achieve? (Do not round your intermediate calculations.) Multiple Choice O 13.54% O 7.6% 8.33% d 14.56% O 14.81% Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, a sculpture was sold at auction for a price of $10,317,500. Unfortunately for the previous owner, he had purchased in 1999 at a price of $12,376,500. What was his annual rate of return on this sculpture? Multiple Choice -4.00% -3.78% . O 4.65% O -5.03% O -4,45%