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IZAX, Co . has the following items on its balance sheet. Its net income this year is $ 2 0 , 5 0 0 ,

IZAX, Co. has the following items on its balance sheet.
Its net income this year is $20,500, and it pays dividends of $4,500. If it grows at its internal growth rate, what will its D/E ratio be next year?
The internal growth rate is %.
(Round to two decimal places.)
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