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Determine a venture's sustainable growth rate based on the following information: sales= $1,000,000; net income= $100,000; common equity at the beginning of the year= $500,000;

Determine a venture's sustainable growth rate based on the following information: sales= $1,000,000; net income= $100,000; common equity at the beginning of the year= $500,000; and the retention rate = 50% .

a. 10%

b. 15%

c. 20%

d. 25%

e. 30%

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