[Solved] Fairlane Company has an ROA of 9 . 7 perc

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Fairlane Company has an ROA of 9 . 7 percent and a payout ratio of 3 9 percent. What is its internal growth rate? Note:

Fairlane Company has an ROA of

9.7

percent and a payout ratio of

39

percent. What is its internal growth rate?

Note: Do not round intermediate

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