The CFO of Empire Pencil Co. is exploring how fast her firm can grow at a reasonably safe and responsible rate. She gathers some financial information as follows: net income =$107,115, profit margin =11.8%, debt to equity =0.62, total asset turnover =1.76, the retention ratio (r)= 0.47 , and total assets =$486,755. What is the sustainable growth rate (SGR) of Empire Pencil? (Use 4 decimal places for interim steps. Give final answer, as a percent with two decimal places. E.g. 6.13\% not 0.0613) Question 6 10pts The CFO of Empire Pencil Co. is exploring how fast her firm can grow at a reasonably safe and responsible rate. She gathers some financial information as follows: net income =$105,328, profit margin =10.5%, debt to equity =0.52, total asset turnover =1.77, the retention ratio (r)= 0.44 , and total assets =$428,459. A block of shareholders is pressing the board to encourage management to grow at the maximum possible SGR, even if it changes the dividend amount. What is this increased SGR (HINT: this uses a different retention ratio from the level given in the problem statement above)? (Use 4 decimal places for interim steps. Give final answer as a percent with two decimal places. E.g. 6.13% not 0.0613 )