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answer both questions A and B please and thank you :) (Measuring growth) Thomas, Inc.'s return on equity is 18 percent and management has plans

answer both questions A and B please and thank you :) image text in transcribed
(Measuring growth) Thomas, Inc.'s return on equity is 18 percent and management has plans to retain 22 percent of earnings for investment in the company. a. What will be the company's growth rate? b. How would the growth rate change if management (i) increased retained earnings to 32 percent or (ii) decreased retention to 11 percent? a. The company's growth rate will be \%. (Round to two decimal places.)

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