1) Medtronic firm has $[(1,000,000*(0+1)+$55,000,000] in equity and $55,000,000 in debt and forecast $[(1,000,000*(6)+$22,000,000] in...
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1) Medtronic firm has $[(1,000,000*(0+1)+$55,000,000] in equity and $55,000,000 in debt and forecast $[(1,000,000*(6)+$22,000,000] in net income for the year. It currently pays dividends equal to [(0+1+6+3)]% of its net income.
a. What would their internal growth rate be? NOTE: Answer in percentage.
b. What would their sustainable growth rate be? NOTE: Answer in percentage.
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