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Last year Lakesha s Lounge Furniture Corporation had an ROE of 1 7 . 8 percent and a dividend payout ratio of 2 2 percent.

Last year Lakeshas Lounge Furniture Corporation had an ROE of 17.8 percent and a dividend payout ratio of 22 percent.
What is the sustainable growth rate?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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