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QUESTION 21 Giver the financial Statemerits below for Dragonfly Enterprises, what would be the internal growth rate (GR) if the company decided to change the

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QUESTION 21 Giver the financial Statemerits below for Dragonfly Enterprises, what would be the internal growth rate (GR) if the company decided to change the dividend payout rate to 57.69%? Enter your answer as the nearest tenth of a percent(e.g.. 12.3), but do not include the sign Dragonfly Enterprises Income Statement ($ Million) 2011 370 226 62 Sales Cast af xids Sarki Selling, General, & Admin Exp Depreciation Earnings Before Interest & Taxes Interest Expense Taxable income Taxes at 40% Net Income 20 62 12 50 20 30 2010 10 2011 10 SO Tulance Sheets of 12-31 Assets Cuxh Account Receivable Inventory Total Current Assets Net Fixed Assets Total Assets 99 166 265 45 105 195 300 2010 26 2011 30 0 Liabilities and Owners Equity Accounts Payable Notes Puyable Total Current Liabilities Long-Term Debt Common Stock Retained Earnings Total Liab. and Owners Equity 30 ISO D 26 140 22 77 265 22 98 300

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