Cambria, Inc., had equity of $205,000 at the beginning of the year. At the end of the year, the company had total assets of $360,000. During the year the company sold no new equity. Net income for the year was $43,000 and dividends were $6,200.

What is the sustainable growth rate for the company? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Sustainable growth rate

%

What is the sustainable growth rate if you use the formula ROE