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Fairlane Company has an ROA of 9.9 percent and a payout ratio of 41 percent. What is its internal growth rate? Note: Do not round

Fairlane Company has an ROA of 9.9 percent and a payout ratio of 41 percent. What is its internal growth rate? Note: 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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