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The Boddy Shoppe has an ROA of 9 percent and a payout ratio of 19 percent. What is its internal growth rate? (Do not round

The Boddy Shoppe has an ROA of 9 percent and a payout ratio of 19 percent.

What is its internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Internal growth rate

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