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Using the above assumptions, determine the maximum average growth rate over the 5 year forecast period that would result in the owners NOT having to
Using the above assumptions, determine the maximum average growth rate over the 5 year forecast period that would result in the owners NOT having to contribute any additional capital. That is, find the sustainable growth rate. (Hint: you may want to find the growth rate in each year of the forecast period, then take the average to determine the average sustainable growth.)
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
