2.5 p A firm generated $697,000 in Sales Revenue, on which it earned Net Income...
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2.5 p A firm generated $697,000 in Sales Revenue, on which it earned Net Income of $139,400. The form maintains a constant 40% dividend payout ratio. It ended the year with $1.499,000 in Total Assets, $599,600 in Total Liabilities, and $899,400 in Total Equity, At what annual rate can the firm grow if it is willing to issue additional debt, but not additional equity, and it does not want to change its debt to-equity relationship? (Enter your answer to the nearest tenth of a percent. Do not enter the percentage symbol. For example, if your answer is 123.456789%, enter 123.5.)
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