IZAX, Co$.$ had the following items on its balance sheet at the beginning of the year: $\%.$ Its net income this year is $$20,300$ and it pays dividends of $$4,500.$ If its assets grew at its

internal growth rate, what is its new D$/$E ratio?

The Tax Cuts and Jobs Act of $2017$ temporarily allowed $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation

forecasting in this chapter and in these problems.

The internal growth rate is

$\%.($Round to two decimal places.$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet$)$