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Kurt's Bikes has net income of $86,000 and total equity of $620,000. The debt-equity ratio is 2 and the plowback ratio is 80 percent. What

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Kurt's Bikes has net income of $86,000 and total equity of $620,000. The debt-equity ratio is 2 and the plowback ratio is 80 percent. What is the Internal growth rate? Select one: O a. 12.29% b. 10.19% O c. 9.89% O d. 9.68 %

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