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Stark Industries expects an earnings per share of $1.22 and reinvests 30% of its earnings. Management projects a rate of return of 5% on new

Stark Industries expects an earnings per share of $1.22 and reinvests 30% of its earnings. Management projects a rate of return of 5% on new projects and investors expect a 5% 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.

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