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A firm seeks maximum growth rate of 3 . 6 8 % by relying on internal and external financing such that the debt - to

A firm seeks maximum growth rate of 3.68% by relying on internal and external financing such that the debt-to-equity ratio remains constant. At the same time, the firm wants to maintain a dividend payout ratio of 38% and a profit margin of 7%. The firm can generate $0.5 in sales for every $1 in assets. What is the debt equity ratio that is required to achieve the firm's desired rate of growth?

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