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1 High Flyer, Inc., wishes to maintain a growth rate of 14 percent per year and a debt- equity ratio of.5. The profit margin is

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1 High Flyer, Inc., wishes to maintain a growth rate of 14 percent per year and a debt- equity ratio of.5. The profit margin is 4.6 percent, and total asset turnover is constant at 1.16. 1/1 points awarded a. What is the dividend payout ratio? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the maximum sustainable growth rate for this company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Scored eBook Print a. -53.43 % Dividend payout ratio Sustainable growth rate b. 8.70 % References

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