A Firm Wishes to Maintain a Growth Rate of 12

A firm wishes to maintain a growth rate of 12% per year and a dividend payout of 10%. The ratio of total assets to sales is constant at 1.5, and profit margin is 10%. What must be the debt-to-equity ratio?

A) 0.52
B) 0.67
C) 0.79
D) 0.84