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Income Statement Balance Sheet Balance Sheet Sales $13,250 Current Assets $10,400 Debt $17,500 Costs $9,480 Fixed Assets 28,750 Equity $21,650 Total

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the internal growth rate?
Income Statement Balance Sheet Balance Sheet Sales $13,250 Current Assets $10,400 Debt $17,500 Costs $9,480 Fixed Assets 28,750 Equity $21,650 Taxable income $3,770 Taxes (40%) $1,508 Net income $2,262 Total $39,150 Total $39,150 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the internal growth rate?
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Finance.xlsx

Income Statement Balance Sheet Balance Sheet
Sales $13,250 Current Assets $10,400 Debt $17,500
Costs $9,480 Fixed Assets 28,750 Equity $21,650
Taxable income $3,770
Taxes (40%) $1,508
Net income...

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