IZAX, Co. had the following items on its balance sheet at the beginning of the year: BE . Its net income this year is $21,000 and it pays dividends of $5, 100. 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. - X Data table The ending total assets will be Sittingini (Round to the nearest dollar.) The D/E ratio will be . (Round to three decimal places.) (Click on the following icon [ in order to copy its contents into a spreadsheet.) Assets Liabilities and Equity Cash $48,900 Debt $100,800 PPE $348,200 Equity $296,300 Print Done