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Problem 3 - 1 0 Sustainable Growth Rate The Iron River Company has an ROE of 1 4 . 5 percent and a payout ratio

Problem 3-10 Sustainable Growth Rate
The Iron River Company has an ROE of 14.5 percent and a payout ratio of 40
percent. What is the company's sustainable growth rate? (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.
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