An all-equity financed firm plans to grow at an annual rate of at least 11%. It return on equity is 19%. What is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues?

Chapter 18 2 An all-equity-financed firm plans to grow at an annual rate of at least 11%. lts return on equity is 19% what is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues? (Do not round Intermediate ceiculetions Enter your answer es a percent rounded to 1 decimal place.) 7.33 points Maximum dividend payout ratio eBock Hint Reference links Print 8.4 External Financing and Growt References