Given the information in the table on KMS, did KMS's expansion plan call for it to grow slower or faster than its sustainable growth rate?

The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.

The actual growth rate for 2014 is %. (Round to two decimal places.)

The actual growth rate for 2015 is %. (Round to two decimal places.)

The actual growth rate for 2016 is %. (Round to two decimal places.)

The actual growth rate for 2017 is %.(Round to two decimal places.)

The actual growth rate for 2018 is %.(Round to two decimal places.)

The sustainable growth rate for 2014 is %. (Round to two decimal places.)

The sustainable growth rate for 2015 is %. (Round to two decimal places.)

The sustainable growth rate for 2016 is %. (Round to two decimal places.)

The sustainable growth rate for 2017 is %.(Round to two decimal places.)

The sustainable growth rate for 2018 is % (Round to two decimal places.)

KMS's expansion calls for it to grow (faster/slower) than its sustainable growth rate.

Data Table - X Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. 2013 2014 2015 2016 2017 2018 Income Statement (000) Sales Cost of Goods Sold EBITDA Depreciation EBIT Interest Expense Pre-tax Income Taxes Net Income $74,889 58.413 $16,476 5,492 $10,984 306 $10,678 3,737 $6,941 $88,369 68,928 $19,441 7,443 $11,998 306 $11,692 4,092 $7,600 $103,247 80,533 $22,714 7,498 $15,216 1,666 $13,550 4,743 $8,807 $119,793 93,439 $26,354 7,549 $18,805 1,666 $17,139 5,999 $11,140 $138,167 107,770 $30,397 7.594 $22,803 1,666 $21,137 7,398 $13,739 $ 158,546 123,666 $34,880 7,634 $27,246 1,666 $25,580 8,953 $16,627 Payout Ratio Additions to shareholder equity Beginning shareholder equity 30% $4,859 $5,320 74,134 $6,165 79,454 $7,798 85,619 $9,617 93,417 $11,639 103,034 Print Done