Net income is 2262 total assets 39150 total equity 21650
Net income is $2,262, Total Assets $39,150, Total Equity $21,650, and the retention ratio (beta) is 0.70. What is the internal growth rate?
A. 2.91%
B. 4.21%
C. 6.72%
D. 7.87%
E. 10.45%
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