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Constraints on Growth High Flyer, Inc., wishes to maintain a growth rate of 12 percent per year and a debt-equity ratio of .25. The profit

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Constraints on Growth High Flyer, Inc., wishes to maintain a growth rate of 12 percent per year and a debt-equity ratio of .25. The profit margin is 5 percent, and total asset turnover is constant at 1.20. Is this growth rate possible? To answer, determine what the dividend payout ratio must be. How do you interpret the result

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