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Use the following information in order to answer the questions listed below: Plowback Ratio = 70% Net Income = $ 1 million Net Assets =

Use the following information in order to answer the questions listed below:

Plowback Ratio = 70%

Net Income = $ 1 million

Net Assets = $3.4 million

Net Liabilities = $2.3 million

What is the Internal Growth Rate and what is the Sustainable Growth Rate of the Business? Write out the steps of your calculation and the answer for IGR and SGR

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