What is the maximum possible growth rate for Archimedes (see Problem 24) if it maintains its return

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What is the maximum possible growth rate for Archimedes (see Problem 24) if it maintains its return on equity, the payout ratio is set at 50% and 

a. No external debt or equity is to be issued?

b. The firm maintains a fixed debt ratio but issues no equity?

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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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