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Farm Z has the following information from the balance sheet. The farm expects a rate - of - return on assets of 1 5 %

Farm Z has the following information from the balance sheet. The farm expects a rate-of-return on assets of 15% and a cost of debt of 9%. The farm needs to pay an income tax rate of 25% and consumes 75% from after-tax net income. Find the rate of growth of equity capital.
\table[[Balance Sheet of Farm Z],[Assets,$950,000
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