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Patel Steel wants to maintain a growth rate of 13 percentage a year, a debtequity ratio of 1.20, and a dividend payout ratio of 30

Patel Steel wants to maintain a growth rate of 13 percentage a year, a debtequity ratio of 1.20, and a dividend payout ratio of 30 percentage. The ratio of total assets to sales is constant at 0.95. What profit margin must the firm achieve?

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