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Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 4 5 percent dividend payout ratio. What is

Assets and costs are proportional to sales. Debt and equity are not. The company
maintains a constant 45 percent dividend payout ratio. What is the sustainable growth
rate? (Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g.,32.16.)
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