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Last year Lakesha's Lounge Furniture Corporation had an ROE of 16.0 percent and a dividend payout ratio of 28 percent. What is the sustainable growth

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Last year Lakesha's Lounge Furniture Corporation had an ROE of 16.0 percent and a dividend payout ratio of 28 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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