Nails and More Has Net Income of $13,100,total Equity of $86,000,a

Multiple Choice

Nails and More has net income of $13,100,total equity of $86,000,a dividend payout ratio of 25 percent,and an equity multiplier of 1.4.What is the internal rate of growth?

A) 4.03%
B) 4.63%
C) 8.01%
D) 3.54%
E) 8.89%