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Fortress of Solitude Co. expects an earnings per share of $1.01 and reinvests 45% of its earnings, Management projects a rate of return of 4%

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Fortress of Solitude Co. expects an earnings per share of $1.01 and reinvests 45% of its earnings, Management projects a rate of return of 4% on new projects and investors expect a 5% rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES. Click "Verity to proceed to the next part of the question Section Attempt 1 of 1 Verify

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