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A company has $22,000 in total sales, $2,400 in net income, $8,600 in total liabilities (total debt), and $14,200 in total shareholder equity. The company

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A company has $22,000 in total sales, $2,400 in net income, $8,600 in total liabilities (total debt), and $14,200 in total shareholder equity. The company paid out 38.00% of its earnings in the form of cash dividends. What is the firm's sustainable growth rate? [Enter your answer as a percentage, shown to one decimal place. For example, if your answer is 20.51% (or 2051 in decimal form) enter 20.5 as your answer. Do not enter a percentage symbol (%). ]

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