Simone, Incorporated, had total assets of $430,000 and equity of $260,000 at the beginning of the year. At the end of the year, the company had total assets of $470,000. During the year, the company sold no new equity. Net income for the year was $80,000 and dividends were $44,000.

Simone, Incorporated, had total assets of $430,000 and equity of $260,000 at the beginning of the year. At the end of the year, the company had total assets of $470,000. During the year, the company sold no new equity. Net income for the year was $80,000 and dividends were $44,000. a. What is the sustainable growth rate for the company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the sustainable growth rate if you use the formula ROE b and beginning-ofperiod equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the sustainable growth rate if you use end-of-period equity in this formula? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)