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Fairlane Company has an ROA of 8 . 6 percent and a payout ratio of 3 3 percent. What is its internal growth rate? Do

Fairlane Company has an ROA of 8.6 percent and a payout ratio of 33 percent. What is its internal growth rate? Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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