IMAX Co. has the following items on its balance sheet.
Assets:
Cash 51,300
PPE 353,900
Liabilities and equity:
Debt 104,500
Equity 300,700
Its net income this year is $19,500 and it pays dividends of $5,400. If it grows at its internal growth rate, what will its debt/equity ratio be next year?
The internal growth rate is __ %