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JJ firm has a return on equity of 15 percent, a return on assets of 10 percent, and a 30 percent dividend payout ratio. 1.

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JJ firm has a return on equity of 15 percent, a return on assets of 10 percent, and a 30 percent dividend payout ratio. 1. What is the value of the maximum growth rate only using internal financing? 2. What is value of the maximum growth rate using external financing and maintaining debt ratio? [only need formula and input numbers, no calculation]

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