1. Medtronic firm has $ 58,000,000 in equity and $55,000,000 in debt and forecast $29,000,000 in net income for the year. It currently pays dividends equal to 13% of its net income.

   1. What would their internal growth rate be?

      NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05.

   2. What would their sustainable growth rate be?

      NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05.