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Assume the following ratios are constant: Total asset turnover 2 . 9 0 Profit margin 5 . 2 % Equity multiplier 1 . 1 0

Assume the following ratios are constant: Total asset turnover
2.90 Profit margin 5.2% Equity multiplier 1.10 Payout ratio 35%
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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