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A firm has an ROE of 10.6% and a debt-equity ratio of 30%. If it wishes to grow by 5% a year without external financing,

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A firm has an ROE of 10.6% and a debt-equity ratio of 30%. If it wishes to grow by 5% a year without external financing, what is the maximum proportion of earnings that it can pay out? Provide your answer in decimal form, not percent

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