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Last year Lakeshas Lounge Furniture Corporation had an ROE of 19.2 percent and a dividend payout ratio of 29 percent. What is the sustainable growth

Last year Lakeshas Lounge Furniture Corporation had an ROE of 19.2 percent and a dividend payout ratio of 29 percent. What is the sustainable growth rate?

What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

*My previous answer was 3.63%, which was incorrect*

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