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Parthenon Plastics, Inc . has a return on assets of 7% and a dividend payout ratio of 59%. Based on this information, what is the

Parthenon Plastics, Inc. has a return on assets of 7% and a dividend payout ratio of 59%. Based on this information, what is the fastest rate of growth the firm can attain using only retained earnings as new funding? That is, what is the firms internal growth rate?

(Report your answer in percentage terms rounded to three decimal places. For example, .1234 should be entered as "12.3".

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