#1: Moonshine Inc. has a positive retention ratio. If sales grew by 10 percent, the firm would have a negative projected EFN. a) What does this tell you about the firm's Internal Growth Rate (IGR)? b) From your answer to part a, what can you say about the firm's Sustainable Growth Rate (SGR)? c) At this same level of growth, what will happen to the projected EFN if the retention ratio is increased? d) At this same level of growth, what will happen to the projected EFN if the firm pays out all its earnings in the form of dividends