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The headquarters of a national restaurant chain is trying to better understand the profitability of the Savannah location. Savannah’s total assets are $3,500,000, consisting of $1,000,000 land, $2,000,000 buildings and equipment, and $500,000 intangibles. The net profit is $475,000, and the required rate of return is 12%. Savannah’s return on investment (ROI) is