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Farmer 1 has $ 2 0 0 , 0 0 0 in assets, $ 8 0 , 0 0 0 in debt, and $ 1

Farmer 1 has $200,000 in assets, $80,000 in debt, and $120,000 in equity capital, and Farmer 2 has $270,000 in assets, $150,000 in debt, and $120,000 in equity capital. Both farmers have the same ROA (20%), face the same the interest on debt capital (15%), income tax rate (22%), and consumption rate (50%). Calculate the growth rate for both farms.
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