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Wave Engineering has a target rate of return of 17% and a cost of capital of 9%. Wave has both a breakwater division and a

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Wave Engineering has a target rate of return of 17% and a cost of capital of 9%. Wave has both a breakwater division and a seawall division. During the current year, the breakwater division's returr on investment is 14% and its capital turnover ratio is 2.5, what is the breakwater division's sales margin? 16.4% 08.2% 3.1% 15.6% None of the above

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