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Airfoil, Inc. announced yesterday that they earned $34,000,000 million this year. They also stated the firm's return on equity is 16% percent. Airfoil retains 80%
Airfoil, Inc. announced yesterday that they earned $34,000,000 million this year. They also stated the firm's return on equity is 16% percent. Airfoil retains 80% percent of their earnings. What is the firms earnings growth rate?
Earnings $34,000,000
ROE 16%
Retention ratio80%
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