Problem 3-21 Calculating Sustainable Growth [LO 3] The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Sales $63,900 Costs 44,830 Taxable income $19,070 Tax (40%) 7,628 Net Income $ 11,442 Balance Sheet Current assets $ 26,500 Debt Fixed assets 79,400 Equity Total $105,900 Total $ 42,700 63,200 $105,900 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate