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8 The Boddy Shoppe has an ROA of 7 percent and a payout ratio of 16 percent. What is its internal growth rate? (in %)

The Boddy Shoppe has an ROA of 7 percent and a payout ratio of 16 percent. What is its internal growth rate? (in %)

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)

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