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Ramble On Company wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.45, and a dividend payout ratio of

Ramble On Company wishes to maintain a growth rate of 8 percent a year, a debt-equity ratio of 0.45, and a dividend payout ratio of 64 percent. The ratio of total assets to sales is constant at 1.25. What profit margin must the firm achieve?

Options:

11.45%

17.99%

17.74%

6.39%

10.08%

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