What is the internal growth rate

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Reference no: EM132381167

Use the following information for question

Sales$100,000

Costs$55,000

Depreciation$6,000

Dividend paid$10,000

Retained Earnings Added $14,500

Total Assets$85,000

Equity$45,000

Selling, General and Administrative costs$0

Tax Rate 35%

If the profit margin, total asset turnover, and dividend payout ratios remain unchanged, what is the internal growth rate it can achieve during the following year?

Reference no: EM132381167

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