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John Helms, the CEO of the ABC Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's

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John Helms, the CEO of the ABC Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's self-supporting growth rate since the firm doesn't have any access to external funding. The firm is operating at full capacity. Data for use in your forecast are shown as followings: last year's sales = $400, expected sales = $400, last year's accounts payable $50, last year's notes payable = $40, last year's accruals = $40, profit margin= 5%, and retention ratio = 55%. Based on the AFN equation, what is the firm the self-supporting growth rate? = =

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