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27. Determine a ventures sustainable growth rate based on the following information: sales = $1,000,000; net income = $150,000; common equity at the end of

27. Determine a ventures sustainable growth rate based on the following information: sales = $1,000,000; net income = $150,000; common equity at the end of last year = $520,000; and the dividend payout percentage = 20%.

a. 10%

b. 16%

c. 20%

d. 24%

e. 30%

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