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Last year Garths Gourmet Gifts Inc. had $6.65 million of sales, and it had $3.35 million of fixed assets that were used at only 82%
Last year Garths Gourmet Gifts Inc. had $6.65 million of sales, and it had $3.35 million of fixed assets that were used at only 82% of capacity. What is the maximum sales growth rate the company could achieve before it had to increase its fixed assets? Round your final answer to two decimal places (in percentage).
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