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Last year, Lakesha?s Lounge Furniture Corporation had an ROA of 8.8 percent and a dividend payout ratio of 32 percent. What is the internal growth

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Last year, Lakesha?s Lounge Furniture Corporation had an ROA of 8.8 percent and a dividend payout ratio of 32 percent.

What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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