S04-07 Calculating Sustalnable Growth [LO3] The most recent financial statements for Bello Co. are shown here: Income Statement Sales $18.900 Costs 12.800 Balance Sheet Current $ 11,700 Debt assets Fixed assets 26,500 Equity $ 15,700 22.500 Taxable income $ 6,100 Total $38,200 Total $38,200 Taxes (21%) 1,281 Net income $ 4.819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the sustainable growth rate? (Do not round Intermediate calculations and your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Sustainable growth rate 96