Question: (Please ignore the $ sign when you insert your answer and round your answer to two decimal places if needed). Assume that sales are expected
(Please ignore the $ sign when you insert your answer and round your answer to two decimal places if needed). Assume that sales are expected to increase by 4% next year, core profit margin is expected to be 12% of sales, and current NOA is expected to grow at the same growth rate of sales. If the required return on operations is 8%, current sales are $898664, current NOA is $387094, what is the expected ReOI for the coming year?
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