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Assume the following ratios are constant: Total asset turnover2.65 Profit margin5.7% Equity multiplier1.60 Payout ratio70% What is the sustainable growth rate? (Do not round intermediate

Assume the following ratios are constant:

Total asset turnover2.65

Profit margin5.7%

Equity multiplier1.60

Payout ratio70%

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.)

Sustainable Growth Rate = %

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