What is the internal growth rate

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Reference no: EM133118238

Income statement
($ millions)

 

Balance sheet
($ millions)

Sales

17

 

Current assets

12.8

 

Debt

19.2

Costs

13.6

 

Fixed assets

51.2

 

Equity

44.8

Net income

3.4

 

Total assets

64

 

Total

64

The company pays out 40% of net income as dividends.

What is the internal growth rate?

Reference no: EM133118238

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