How do I get 3.04% on the calculator? Can you give me the numbers?

Growth rate is 8 percent Dividend payout ratio is 62 percent Total assets turnover ratio is 1. Profit margin is 10%. Use the following steps to calculate the debt equity ratio. Calculate the return on equity(ROE) using the formula of sustainable growth rate as follows: ROEx(1-Dividend payout ratio) Sustainable growth rate= 1-ROEx(1-Dividend payout ratio)] ROEx(1-62%) 8%= 1- ROEx(1 - 62%)] ROE x 38% 8%= 1-(ROE 38%) 8%x[1-(ROE ~38%)]=ROE x38% 8%f (3.04% ROE) = ROE 38% 8%= 41.04% ROE ROE = 19.49% Therefore, the ROE IS 19.49%