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13-03-2024
Business

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Sandwiches Inc. has net income of $2,250.00 and total equity of $12,900.00. The debt-equity ratio is 0.75 and the payout ratio is 40 percent. What is the internal growth rate?

a) 6.36%
b) 4.15%
c) 11.6%
d) 8.25%

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