What is the internal growth rate

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The Dog House has net income of $3,450 and total equity of $8,600. The debt-equity ratio is 0.60 and the payout ratio is 9.5 percent. What is the internal growth rate?

Answer

14.47 percent

18.77 percent

25.09 percent

29.36 percent

33.33 percent

 

Reference no: EM13290742

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