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Intro Dell Computers sells computers and related electronics online. Year 2022 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Sales
Intro Dell Computers sells computers and related electronics online. Year 2022 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Sales 630 Costs Net income 504 126 4+ decimals Balance sheet ($ million) Current assets Fixed assets Total assets 952 1,428 2,380 cas - Debt 952 Equity 1,428 Total 2,380 In 2023, sales, costs and total assets are expected to grow by a same rate. The company is expected to pay NO dividends and to keep its debt-equity ratio unchanged. Part 1 Attempt 1/3 for 10 pts. Company expects to have no external equity financing (EFN=0) in 2023, then what will be the maximum growth rate achievable?
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