Attempts: Score: 1 14. Chapter MC, Section .04. Problem 104 Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant? Do not round your intermediate calculations a. 10.64% b. 10.23% c. 8.59% d. 9.92 e. 10.13% Save Continue Continue without saving