內含增長率=預計銷售凈利率×預計凈經營資產周轉率×預計留存利潤比率/(1-預計銷售凈利率×預計凈經營資產周轉率×預計留存利潤比率) =40/140*40%/(1-40/140*40%)=12.8% 計算結果和答案相差無幾 屬于尾差影響