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Assume the following ratios are constant: Total asset turnover 2.9 Profit Margin 6.9% Equity multiplier 2 Payout ratio 35% What is the sustainable growth rate?

Assume the following ratios are constant:

Total asset turnover 2.9

Profit Margin 6.9%

Equity multiplier 2

Payout ratio 35%

What is the sustainable growth rate? _______%

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