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The most recent financial statements for Mandy Company are shown here: Assets and costs are proportional to sales. Debt and equity are not. The company

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The most recent financial statements for Mandy Company are shown here: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. What is the internal growth rate? (Do not round Intermedlate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct

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