could you also show me the steps and walk me through it? thank you!

1.12 Agency Problems: Suppose you own stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all the outstanding stock. Your company's management immediately begins fighting off this hostile bid. Is management acting in the shareholders' best interests? Why or why not? 11 Internal Growth: If Levine, Inc., has and ROA of 7.8 percent and a payout ration of 25 percent, what is its internal growth rate? 12 Sustainable Growth: If the Crash Davis Driving School has an ROE of 14.6 percent and a payout ration of 20 percent, what is its sustainable growth rate