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LO3 =$295,000 43. Sustainable Growth and Outside Financing You've collected the following information about Gandalf, Inc.: Sales Net income = $18,400 Dividends = $9,100 Total
LO3 =$295,000 43. Sustainable Growth and Outside Financing You've collected the following information about Gandalf, Inc.: Sales Net income = $18,400 Dividends = $9,100 Total debt = $68,000 Total equity = $94,000 What is the sustainable growth rate for the company? If it does grow at this rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio? What growth rate could be supported with no outside financing at all
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