Growth Rate: The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm's...

9. Growth Rate: The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm's return on equity is 15 percent. Bennington retains 70 percent of its earnings. What is the firm's earnings growth rate? What will next years earnings be?

Question:The newspaper reported last week that Bennington Enterprises earned $28 million this year.The report also stated that the firm's return on equity is 15 percent. Bennington retains 70...