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Help The most recent financial statements for Moira's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $98,000 Current assets $ 39,000 Debt Costs

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The most recent financial statements for Moira's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $98,000 Current assets $ 39,000 Debt Costs 74,000 Fixed assets 101,000 Equity $ 49,000 91,000 Taxable income $24,000 Total $140,000 Total $140,000 Tax (21%) 5,040 Net Income $ 18,960 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate 12.43%

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