Multiple Choice
A firm has $70 million in equity and $30 million of debt,it pays dividends of 30% of net income,and has a net income of $10 million.What is the firm's internal growth rate?
A) 6%
B) 7%
C) 8%
D) 9%
E) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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