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The Cardstock Manufacturing Division of the Pulp Paper Company reported the following results from the past year. Shareholders require a return of 8%. Management calculated

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The Cardstock Manufacturing Division of the Pulp Paper Company reported the following results from the past year. Shareholders require a return of 8%. Management calculated a weighted-average cost of capital (WACC) of 3%. The company's corporate tax rate is 25%. What is the division's sales margin? A. 10% B. 35.29% C. 2.35% D. 23.53%

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