Kurt's Bikes has net income of $86,000 and total equity of $620,000. The debt-equity ratio is.2 and the plowback ratio is 80 percent. What is the internal growth rate?
A) 9.68 %
B) 9.89%
C) 10.19%
D) 12.29%
E) 12.48 %
Correct Answer:
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