Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Problem 3-13 Sustainable Growth [LO 3] Profit margin Capital intensity ratio Debt-equity ratio Net income Dividends 9.9% .60 .75 = $110,000 = $ 47,500 Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate