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Problem:

Net income is $2,262, Total Assets $39,150, Total Equity $21,650, and the retention ratio (beta) is 0.70.

Required:

Question: What is the internal growth rate?

A. 2.91%

B. 4.21%

C. 6.72%

D. 7.87%

E. 10.45%

Note: Be sure to show how you arrived at your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163295

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