FIN 3403-010 > Homework 1 Problem 23 Intro Your company wants to grow by 9% next year. The target debt-equity ratio is 1.5 and payout ratio is 60%. The company has a profit margin of 20% and a total asset turnover of 1.3. IB Attempt 7/10 for 10 pts. Part 1 What is the sustainable growth rate? 3+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What payout ratio is consistent with the desired growth rate of 9%? 2+decimals Submit