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Brown and Co. has a return on assets of 14 percent, an equity multiplier of 1.8,...

Brown and Co. has a return on assets of 14 percent, an equity multiplier of 1.8, and a dividend payout ratio of 40 percent. What is the firm’s internal rate of growth?

9.17%

None of the above

5.93%

7.80%

7.68%

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