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Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company

Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016.
\table[[Profit margin (%),2012,2013,2014,2015,2016],[Retention ratio (%),0.2,3.0,6.1,10.1,18.1],[Asset turnover (X),100.0,100.0,100.0,100.0,100.0],[Financial leverage (X),0.51,0.56,0.61,0.66,0.71],[Growth rate in sales (%),1.16,1.20,1.23,1.28,1.36]]
Source: Data from Nobility Homes 2012 to 2016 annual reports
a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016.
Note: Round your answers to 1 decimal place.
\table[[Year,Sustainable Growth Rate],[2012,,%
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