Question $14(1$ point$)$

A firm has $$40$ million in total equity and $$20$ million of total liabilities at the beginning of the year. Its net income is projected to be $$10$ million. It pays dividends of $20\%$ of net income. What will be the firm's internal growth rate?

$3\mathrm{.}33\%$

$20\mathrm{.}00\%$

$13\mathrm{.}33\%$

$15\mathrm{.}70\%$

$14\mathrm{.}10\%$