Using the information for Morgan Construction Company in the preceding problem, calculate the firms internal growth rate

Question:

Using the information for Morgan Construction Company in the preceding problem, calculate the firm’s internal growth rate and sustainable growth rate.

Internal Growth Rate
"An internal growth rate (IGR) is the highest level of growth achievable for a business without obtaining outside financing, and a firm's maximum internal growth rate is the level of business operations that can continue to fund and grow the...