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comapny paid a dividend of $.36/share last year when they earned $1.17/share. if last years payout ratio is typical, and company can earn 12% after

comapny paid a dividend of $.36/share last year when they earned $1.17/share. if last years payout ratio is typical, and company can earn 12% after tax on new investments, estimate companys expected net income annual growth rate over the long term. please show all steps and values in financial calculator if needed

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