A firm has an ROE of 3.5%, a debt-to-equity ratio of 1.1, a tax rate of 40%, and pays an…

A firm has an ROE of 3.5%, a debt-to-equity ratio of 1.1, a tax rate of 40%, and pays an interest rate of 6% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the “%” sign in your response.)

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