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A venture started the year with $ 2 0 million in book value of equity. It plans no intermediate equity injections or withdrawals and projects
A venture started the year with $ million in book value of equity. It plans no intermediate equity injections or withdrawals and projects net income of $ million for the year. It will pay a $ dividend at the beginning of the next period and retain $ Assuming that the company will scale up with the same margins, what is the sustainable sales growth rate?
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