What is the expected growth rate for the company

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TCG is a retailer of MMA apparel and equipment. The company earned after-tax operating income [After-tax Operating Income = EBIT (1-T)] of $100 million and a return on invested capital of 10% in 2020. The management team expects to generate the same 10% return next year and plans to reinvest 50% of the company's operating income back into the company to support future growth.

Based on this information, what is the expected growth rate for the company?

Reference no: EM133076278

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