A firm has $50 million in equity and $20 million of debt, it pays dividends of 30% of net income, and has a net income of $10 million. What is the firm's internal growth rate?
A) 9%
B) 10%
C) 11%
D) 12%
Answer: B
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The size of the firm should dictate the scope of the sales training program
Indicate whether the statement is true or false
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