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A firm has adopted a policy where it uses no external financing. What is the maximum possible growth rate of the firm if net income

A firm has adopted a policy where it uses no external financing. What is the maximum possible growth rate of the firm if net income is 9,600, total equity is 66,000, total assets are 150,000 and 30% dividend payout ratio

a. 10.19

b 6.84

c 11.33

d 4.69

e.14.55

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