a. Alpha Foods Inc. has $70 million in equity and $30 million of debt, it pays dividends of 30% of net income, and has a net income of $10 million. What is the firm's internal growth rate?

b. Beta Drinks Inc. has $20 million in equity and $20 million of debt, it pays dividends of 20% of net income, and has a net income of $5 million. What is the firm's sustainable growth rate? c. JK Industries (JKI) will have earnings per share of $4 this year and will pay out $1.75 to shareholders in the form of a dividend. JKI's return on new investments is 13% and their equity cost of capital is 10%. The value of a share of JKI's stock today is closest to ________. Assume that the current year has just begun i.e., the current year is year 1 on the timeline.