(Answered) A bank has roe of 12 and its retention ratio is 36 it has

Finance

A bank has ROE of 12% and its retention ratio is 36%. It has assets of $849 million and the equity-to-assets ratio of 8.7%. The bank wants to maintain the equity-to-assets ratio of at least 6.2%. By what percentage can the bank's asset grow over the next year for the ratio not to fall below this level? Assume that the ROE and retention ratio do not change. Report the answer to the nearest 0.01% (e.g., if your answer is 15.27%, submit it as 15.27).

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