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A firm has $ 5 0 million in equity and $ 2 5 million of debt at the beginning of the year. The firm will

A firm has $50 million in
equity and $25 million of debt at the beginning of the year. The firm will pay dividends of $4.5 million and is expecting a net income of $15 million. What is the firm's internal growth rate (IGR)?
Group of answer choices
14%
12%
11%
10%
9%

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