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If company GRTH has a growth rate of .055 and a retention rate of 40%, what is company GRTHs return on new investment? Instruction: Type

If company GRTH has a growth rate of .055 and a retention rate of 40%, what is company GRTHs return on new investment?

Instruction: Type your answer in the unit of percentage point, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number 1.065, neither 0.0106465, 0.0106, nor 1.065%. Otherwise, Blackboard will treat it as a wrong answer.

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