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Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $126 million, total equity of $27 million, debt to equity

Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $126 million, total equity of $27 million, debt to equity ratio of 1.3, and a retention rate of 65%. Gatewayy's ROA is closest to:

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