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Last year Lakesha's Lounge Furniture Corporation had an ROE of 16.2 percent and a dividend payout ratio of 27 percent. What is the sustainable growth

Last year Lakesha's Lounge Furniture Corporation had an ROE of 16.2 percent and a dividend payout ratio of 27 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.)

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