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Stark Industries expects an earnings per share of $2.23 and reinvests 20% of its earnings. Management projects a rate of return of 11% on new

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Stark Industries expects an earnings per share of $2.23 and reinvests 20% of its earnings. Management projects a rate of return of 11% 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 below rounded to 2 DECIMAL PLACES

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