Question: 13. What is the maximum internal growth rate consistent with not re- quiring external financing for a firm reporting net income of $500,000, a dividend
13. What is the maximum internal growth rate consistent with not re- quiring external financing for a firm reporting net income of $500,000, a dividend payout ratio of 10%, and total assets of $10 million? A. 2%. B. 4%. C. 5%. D. 6%. E. None of the above
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