Question
Sherman Enterprises estimates that it will have $50 million in net income next year and it plans to retain and reinvest 40% of this total.
Sherman Enterprises estimates that it will have $50 million in net income next year and it plans to retain and reinvest 40% of this total. If the firms total assets are $100 million today, the firms internal growth rate for next year is ______.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
