Calculte the $2024$ sustainable growth rate $($ Final answer to $3$ decimals$)$

FY$23$ Income Statement

FY$23$

Sales

$$23,737,480$

Cost of Goods Sold

$$18,752,609$

Other Expenses

$$2,611,123$

Depreciation

$$949,499$

Taxable Income

$$1,424,249$

Taxes $(21\%)$

$$299,092$

Net Income

$$1,125,157$

Dividends

$$500,000$

Add to Retained Earnings

$$625,157$

FY$23$ Balance Sheet

FY$23$

FY$23$

Current Assets

Current Liabilities

Cash

$$636,874$

Accounts Payable

$$936,874$

Accounts Receivable

$$686,874$

Notes Payable

$$1,373,748$

Inventory

$$915,832$

Total Current Liabilities

$$2,310,622$

Total Current Assets

$$2,239,580$

Long$-$Term Debt

$$3,000,000$

EFN

Fixed Assets

Net Plant & Equipment

$$8,579,160$

Shareholder Equity

Common Stock

$$600,000$

Retained Earnings

$$4,908,118$

Total Equity

$$5,508,118$

Total Assets

$$10,818,740$

Total Liabilities & Equity

$$10,818,740$