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Premier Corporation has an ROE of 1 6 . 3 percent and a payout ratio of 6 2 percent. What is its sustainable growth rate?

Premier Corporation has an ROE of 16.3 percent and a payout ratio of 62 percent. What is its sustainable growth rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Answer is complete but not entirely correct.
\table[[\table[[Sustainable growth],[rate]],0.11,%
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