omework i Problem 3-21 Calculating Sustainable Growth [LO 3] The most recent financial statements for Minnie's Manufacturing Co. are shown below: Balance Sheet 39,000 $ Income Statement Current Sales $88,200 assets Fixed assets Costs 64,650 $29,500 Debt 82,200 91,700 Equity Total 121,200 Total $ Taxable income $23,550 $121,200 Tax 4,946 Net Income $ 18,604 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %