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McCarty has annual sales of $ 4 0 , 9 3 4 , depreciation of $ 3 1 0 0 interest paid fo $ 7

McCarty has annual sales of $40,934,depreciation of $3100 interest paid fo $750 cost of goods sold of $22,400 taxes of $3084 and dividends paid of $4060. The firm has total assets of $55,300 and total det of $32,600. The firm wants to maintain constant payout ratio but does not want to incur any additional external financing. What is the firms maximum rate of growth?

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