(b) Crofter Ltd had total assets of $950,000 and equity of $290,000 at the beginning of the year. At the end of the year, the company had total assets of $810,000. During the year, the company sold no new equity. Net income for the year was $140,000 At the end of the year, Crofter Ltd paid total dividends of $120,000. Required (i) (ii) Please calculate Crofter's growth rate using start-of-year equity. Please show how you get the same result if you base your calculation on the end-of- year equity figure