Company wants to maintain a fixed payout rate but does not want to incur any payouts additional external financing.

SLG, Inc. annual sale $40.934, 

depreciation $3,100,

interest $750, 

cost of goods sold $22,400, 

taxes $3,084 and dividends paid $4,060. 

The firm has total assets of $55,300 and total debt of $32,600. 

Required:

 What is the firm's maximum growth rate?