Problem $3-12$ Sustainable Growth $[$LO $3]$

Premier Corporation has an ROE of $15\mathrm{.}5$ percent and a payout ratio of $54$ 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$.,32\mathrm{.}16.$

Sustainable growth rate $,713\%$