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Problem 4-21 Growth and Debt-Equity Ratio (L04) A firm wishes to maintain a growth rate of 13.1% and a dividend payout ratio of 35% The

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Problem 4-21 Growth and Debt-Equity Ratio (L04) A firm wishes to maintain a growth rate of 13.1% and a dividend payout ratio of 35% The ratio of total assets to sales is constant at 0.80, and profit margin is 7.8% If the firm also wishes to maintain a constant debt-equity ratio, what must it be? (Do not round your intermediate calculations, Round your final answer to 2 decimal places.) Debt-equity ratio

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