American Capital has $375,000 of assets, and uses only common equity capital (zero debt). Sales for the last year were $420,000, and stockholders recently voted in a new management team that has promised to lower costs and increase the company's return on equity. Holding everything else constant, what profit margin would the firm need in order to achieve an ROE of 16.3%? Your answer should be between 8.54 and 18.22, rounded to 2 decimal places, with no special characters.

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Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?