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Barry Profit has a WACC of 11%. Its target capital structure is 55% equity and 45% debt. Barry Profit has sufficient retained earnings to

Barry Profit has a WACC of 11%. Its target capital structure is 55% equity and 45% debt. Barry Profit has sufficient retained earnings to fund the equity portion of its capital budget. The before-tax cost of debt is 9% and the company's tax rate is 25%. Assuming Barry Profit plans to pay a dividend of $5, has a stock price of $45; what is the company's growth rate?

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