1.

Synyster Corp. has an ROE of 14 percent and a payout ratio of 22 percent.

What is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

2.

The most recent financial statements for Alexander Co. are shown here:

Income Statement				Balance Sheet
Sales	$	44,450		Current assets	$	18,380		Long-term debt	$	37,570
Costs		36,050		Fixed assets		68,850		Equity		49,660
Taxable income	$	8,400		Total	$	87,230		Total	$	87,230
Taxes (21%)		1,764
Net income	$	6,636

Assets and costs are proportional to sales. The company maintains a constant 45 percent dividend payout ratio and a constant debt-equity ratio.

What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)