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A firm has net income of $320,000 on sales of $3,200,000. Its equity at the beginning of the year was $1,600,000 and dividends paid were

A firm has net income of $320,000 on sales of $3,200,000. Its equity at the beginning of the year was $1,600,000 and dividends paid were $80,000. What is the sustainable growth rate? ( must show your calculations and formulas!!)

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