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Required: A fim has an ROE of 4%, a debt/equity ratio of 0.8 , and a tax rate of 40%, and pays an interest rate

Required: A fim has an ROE of 4%, a debt/equity ratio of 0.8 , and a tax rate of 40%, and pays an interest rate of 7% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your answer to 2 decimol places.)

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