Calculating Internal Growth,The most recent financial statements for Benatar Co. are shown here:,,Income Statement Balance Sheet,Sales $ 15,180 Current as-sets $ 11,500 Debt $ 24,900,Costs 10,505 Fixed assets 30,800 Equity 17,400,Taxable income $ 4,675 Total $ 42,300 Total $ 42,300,Taxes (40%) 1,870 ,Net income $ 2,805 ,________________________________________,,Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. No external equity financing is possible. ,Required: ,What is the internal growth rate? (Do not round your intermediate calculations.),, (a) 14.81%, (b) 1.34%, (c) 5.50%, (d) 5.60%, (e) 5.70%,
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