Using the information in the following table, $,$ calculate this company's:

a$.$ Internal growth rate.

b$.$ Sustainable growth rate.

c$.$ Sustainable growth rate if it pays out $40\%$ of its net income as a dividend.

The Tax Cuts and Jobs Act of $2017$ temporarily allowed $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation

forecasting in this chapter and in these problems.

a$.$ Internal growth rate.

The internal growth rate is

$\%.($Round to two decimal places.$)$

Data table

$($Click on the following icon

in order to copy its contents into a spreadsheet.$)$