P10-8 (similar to) Question Help (Measuring growth) Thomas, Inc.'s refurn on equity is 13 percent and management has plans to retain 24 percent of earnings for investment in the company a. What will be the company's growth rate? b. How would the growth rate change if management (1) increased retained earnings to 31 percent or (b) decreased retention to 14 percent? a. The company's growth rate will be % (Round to two decimal places.)