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Nails and More has net income of $13,100, total equity of $86,000, a dividend payout ratio of 25 percent, and an equity multiplier of 1.4.

Nails and More has net income of $13,100, total equity of $86,000, a dividend payout ratio of 25 percent, and an equity multiplier of 1.4. What is the internal rate of growth?

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