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please show all work thank you! TallyTs Products is considering a new project whose data are shown below. The required equipment has a 3-year tax

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TallyTs Products is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the accelerated rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. Equipment cost (depreciable basis) $90,000 Sales revenues, each year $52,500 Operating costs (excl. deprec.) $23,000 Tax rate 35.0% 4 TallyWorld, Inc. sales are expected to increase by 25% from $12 million in 2015 to $15 million in 2016. Its assets totaled $6.5 million at the end of 2015. TallyWorld is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2015, current liabilities were $2.3 million, consisting of $950,000 of accounts payable, $725,000 of notes payable, and $625,000 of accruals. The after-tax profit margin is forecasted to be 8%, and the forecasted payout ratio is 40%. Using the information provided above, what is the maximum growth rate that can be attained without raising external funds, i.e., what is TallyWorld's self-supporting growth rate

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