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Last year, Lakesha s Lounge Furniture Corporation had an ROA of 8 . 6 percent and a dividend payout ratio of 3 1 percent. What

Last year, Lakeshas Lounge Furniture Corporation had an ROA of 8.6 percent and a dividend payout ratio of 31 percent.
What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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