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Assume the Crash Davis Driving School has a 16.7 percent ROE and a 66 percent payout ratio. Required: What is the sustainable growth rate? (

Assume the Crash Davis Driving School has a 16.7 percent ROE and a 66 percent payout ratio.

Required:

What is the sustainable growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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