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The most recent financial statements for Live Co. are shown here: Income StatementBalance Sheet Sales$19,000 Current assets$40,970 Debt$40,379 Costs11,400

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

Income StatementBalance Sheet Sales$19,000 Current assets$40,970 Debt$40,379 Costs11,400

Fixed assets28,669 Equity29,260 Taxable income$7,600 Total$69,639

Total$69,639

Taxes (33%)2,508 Net income$5,092

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 34 percent dividend payout ratio. No external equity financing is possible.

Required: What is the sustainable growth rate?

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