b. Suppose, now, the company has established for next year a target assets-to-sales ratio of .62, a
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b. Suppose, now, the company has established for next year a target assets-to-sales ratio of .62, a target net profit margin of .05, and a target debt-to-equity ratio of 30. It wishes to pay an annual dividend of $.3 million and raise $1 million in equity capital next year. What is its sustainable growth rate for next year? Why does it differ from that in part a?
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