$1$ Problem $3-11$ Internal Growth $[$LO $3]$

Fairlane Company has an ROA of $71$ percent and a payout ratio of $51$ percent. What is its internal growth rate?

$10$ Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, points e$.$g$.,32\mathrm{.}16.$

$02$:$28$:$55$

$\backslash$table$[[$Internal growth rate,$\%$