info: Laboratories has assets of $15 million supported by $5million in debt and $10 million in owners equity. Its 2021 net income was $3 million, and its retention ratio was 30%. Assume that net income grows at the same rate as assets, and that funding for the increase in assets first comes only from additions to retained earnings.

If Hawkins grows at less than its internal growth rate, what would its retention ratio have to be to avoid either having to buy back some of its stock or debt?

please answer with what the rention ratio would have to be to avoid buying back stock or debt