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Shield Corp. expects an earnings per share of $2.21 and reinvests 35% of its earnings. Management projects a rate of return of 4% on

Shield Corp. expects an earnings per share of $2.21 and reinvests 35% of its earnings. Management projects a rate of return of 4% on new projects and investors expect a 7% rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES. Number Click "Verify" to proceed to the next part of the question.

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