[Solved] Required: a. Major Manuscripts, Inc. does

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Required: a. Major Manuscripts, Inc. does not want to incur any additional external financing. The dividend payout ratio is constant. What is the firm's maximum

Required:

a. Major Manuscripts, Inc. does not want to incur any additional external financing. The dividend payout ratio is constant. What is the firm's maximum rate of growth?

b. How rate of growth can help the firm in financial planning. Discuss.

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