For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 If Fairlane Co. has an ROA of 8.3 percent and a payoutratio of 35 percent, what is its internal growth rate? Input area: B6 = Return on assets 8.30% B7 = Payout ratio 35% "(Use cells A6 to B7 from the given information to complete this question.) " Output area: Plowback ratio Internal growth rate