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. Income Statement Balance Sheet $ Sales Costs Current assets $ 11,980 Debt $ 16,540 20,300 13,900 Fixed assets 32,400 Equity 27,840 $ Taxable income

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Income Statement Balance Sheet $ Sales Costs Current assets $ 11,980 Debt $ 16,540 20,300 13,900 Fixed assets 32,400 Equity 27,840 $ Taxable income $ 6,400 Total Total $ 44,380 44,380 Taxes (21%) 1,344 Net income $ 5,056 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. 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 %

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