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ROE Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 2.3. Its sales are $120 million and it has total assets

ROE Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 2.3. Its sales are $120 million and it has total assets of $56 million. What is its Return on Equity (ROE)? Round your answer to two decimal places

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