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Problem 3-14 Sustainable Growth Rate (LG3-6) Last year Lakeshas Lounge Furniture Corporation had an ROE of 16.0 percent and a dividend payout ratio of 28

Problem 3-14 Sustainable Growth Rate (LG3-6)

Last year Lakeshas Lounge Furniture Corporation had an ROE of 16.0 percent and a dividend payout ratio of 28 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.)

Sustainable growth rate: %

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