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Go Go Industries is growing at 35% per year. It is all-equity-financed and has total assets of $1 million. Its return on equity is 20%.

Go Go Industries is growing at 35% per year. It is all-equity-financed and has total assets of $1 million. Its return on equity is 20%. Its plowback ratio is 50%. a. What is the internal growth rate? (Enter your answer as a percent rounded to 2 decimal places.) Internal growth rate % b. What is the firms need for external financing this year? (Enter your answer in dollars not in millions. Do not round intermediate calculations.) External financing $ c. By how much would the firm increase its internal growth rate if it reduced its payout ratio to zero? (Enter your answer as a whole percent.) Internal growth rate % d. Calculate the revised required external financing. (Enter your answer in dollars not in millions. Do not round intermediate calculations.) External financing $

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