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McCormac Co. wishes to maintain a growth rate of 9 percent a year, a debt-equity ratio of 0.41, and a dividend payout ratio of 52

McCormac Co. wishes to maintain a growth rate of 9 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 1.21. What profit margin must the firm achieve?

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