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Fairlane Company. has an ROA of 9 percent and a payout ratio of 3 0 percent. What is its internal growth rate? ( Do not

Fairlane Company. has an ROA of 9 percent and a payout ratio of 30 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.)
Internal growth rate
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