Problem $3-14$ Sustainable Growth Rate $($LG$3-6)$

Last year Lakesha's Lounge Furniture Corporation had an ROE of $17\mathrm{.}0$ percent and a dividend payout ratio of $23$ percent. What is the sustainable growth rate?

What is the sustainable growth rate? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.

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