Question: Please provide the answer to this general accounting question with proper steps. Last year, Jasper Electronics had a Return on Assets (ROA) of 9.2 percent

Please provide the answer to this general accounting question with proper steps.

Last year, Jasper Electronics had a Return on Assets (ROA) of 9.2 percent and a dividend payout ratio of 30 percent. What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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