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The Crash Davis Driving School has an ROE of 16.9 percent and a payout ratio of 68 percent. What is its sustainable growth rate? (Do

The Crash Davis Driving School has an ROE of 16.9 percent and a payout ratio of 68 percent.

What is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate             %

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