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Premier Corporation has an ROE of 16.5 percent and a payout ratio of 64 percent. What is its sustainable growth rate? Note: Do not round

Premier Corporation has an ROE of 16.5 percent and a payout ratio of 64 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.

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