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Capital at start of planning period = $320 Asset at start of planning period = $3,520 Dividend ratio = 40% Asset growth rate = 12%

Capital at start of planning period = $320 Asset at start of planning period = $3,520 Dividend ratio = 40% Asset growth rate = 12% ROE = 15% Forecasted leverage multiplier = 10 What is the capital ratio next period? (NOTE: By default, the unit of the answer is %. The answer must be input with two 2 decimal places, i.e. if the answer is 12%, please input 12.00)

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