Problem 3-21 Calculating Sustainable Growth [LO 3] The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Balance Sheet $ 25,000 Debt 41,200 77,900 Equity 61.700 Sales Costs Taxable income$18,620 Tax (35%) Net Income $63,600 Current assets 44,980 Fixed assets Total $102,900 Tota 102,900 6,517 $12,103 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 37 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