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Flamingo, Inc. began the year with equity totaling R 1 5 3 , 0 0 0 , and by year - end, its total assets

Flamingo, Inc. began the year with equity totaling R153,000, and by year-end, its total assets amounted to R215,000. The company did not issue any new equity during the year. It recorded a net income of R29,000, with dividends amounting to R6,400. What is the sustainable growth rate of the company? Additionally, what is the sustainable rate if the formula ROE x b is applied using the beginning-of-the-period equity? Furthermore, what is the sustainable growth rate when using end-of-the-period equity in this formula? Lastly, is this figure deemed too high or too low, and why?

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