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Last year, Trailer Corporation reported total assets of $1,184,000, sales of $721,000, and net income of $144,200. The firm paid $57,680 in dividends and intends
Last year, Trailer Corporation reported total assets of $1,184,000, sales of $721,000, and net income of $144,200. The firm paid $57,680 in dividends and intends to hold its dividend payout ratio constant. At what annual rate can the firm grow without having to raise external funds? Multiple Choice 5.1% 57.6% 32.2% 12.6% 7.9%
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