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The most recent financial statements for Shinoda Manufacturing Co. are shown below: Assets and costs are proportional to sales. Debt and equity are not. The

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The most recent financial statements for Shinoda Manufacturing Co. are shown below: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible. Required: What is the internal growth rate? Internal growth rate %

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