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FIN 571 Week 6 Quiz 100% Correct
Description
- Planning models that are more sophisticated than the percent of sales method have
- Firms that achieve higher growth rates without seeking external financing
- Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?