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Required: A firm has an ROE of 4%, a debtlequity ratio of 0.8 , and a tax rate of 40%, and pays an interest rate

Required: A firm has an ROE of 4%, a debtlequity 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 decimal places.) Answer is complete but not entirely correct

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