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Shield Corp. expects an earnings per share of $3 and reinvests 45% of its earnings. Management projects a rate of return of 1% on new

Shield Corp. expects an earnings per share of $3 and reinvests 45% of its earnings. Management projects a rate of return of 1% on new projects and investors expect a 10% 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 belowrounded to2 DECIMAL PLACES.

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