Question: 16. What is the maximum internal growth rate consistent with not requiring external funding for a firm reporting net income of $350,000, a dividend

16. What is the maximum internal growth rate consistent with not requiring external funding for a firm

16. What is the maximum internal growth rate consistent with not requiring external funding for a firm reporting net income of $350,000, a dividend payout ratio of 60%, and total assets of $4.5 million? (3 marks)

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