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IZAX, Co. has the following items on its balance sheet. Its net income this year is $19,700, and it pays dividends of $5,500. If it

IZAX, Co. has the following items on its balance sheet. Its net income this year is $19,700, and it pays dividends of $5,500. 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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