A firm has adopted a policy whereby it will not seek any additional external financing. Given this, what is the maximum growth rate for the firm if it has net income of $32, 600, total equity of $294,000, total assets of $503,000, and a 25 percent dividend payout ratio? A. 5.11 percent B. 4.88 percent C. 6.62 percent D. 7.67 percent E. 8.37 percent