Triumph company has total assets worth 6413228 next year it

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1.Planning models that are more sophisticated than the percent of sales method have
2.Firms that achieve higher growth rates without seeking external financing
3.Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?

Reference no: EM13387057

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