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8.88% is wrong. i need to know what the right answer is Problem 3-10 Sustainable Growth Rate The Raindrop Company has an ROE of 14.8

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8.88% is wrong. i need to know what the right answer is
Problem 3-10 Sustainable Growth Rate The Raindrop Company has an ROE of 14.8 percent and a payout ratio of 40 percent. What is the company's sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate 8.88 %

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