What is the locals net profit margin

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Local Co. has sales of $10.8 million and cost of sales of $6.2 million. It's selling, general, and administrative expenses are $530,000 and its research and development is $1.5 million. It has annual depreciation charges of $1.1 million and a tax rate of 35%.

What is the locals net profit margin?

Reference no: EM131450012

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