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Problem 3 - 1 3 Internal Growth Rate ( LG 3 - 6 ) Last year, Lakesha's Lounge Furniture Corporation had an ROA of 9

Problem 3-13 Internal Growth Rate (LG3-6)
Last year, Lakesha's Lounge Furniture Corporation had an ROA of 9.0 percent and a dividend payout ratio of 33 percent.
What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
\table[[Internal growth rate,6.03**,%
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