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Please show work because I was stuck after trying 3x. Thanks :) An all-equity-financed firm plans to grow at an annual rate of at least

Please show work because I was stuck after trying 3x. Thanks :)

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An all-equity-financed firm plans to grow at an annual rate of at least 15%. Its return on equity is 23%. What is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

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