1 pts Question 9 Narrow Falls Lumber has total assets of $913,600, total debt of $424,500, net sales of $848,600, and net income of $94,000. The tax rate is 21 percent and the dividend payout ratio is 30 percent. What is the firm's internal growth rate? Can the firm grow at 7 percent without raising external funds and why? (Hint: Need to compute ROA and the fraction reinvested. Choose closest answer if necessary). 3.19 percent yes because IGR 7% 7.76 percent, yes because IGR> 7% 7.76 percent, no because IGR> 7%