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The Iron River Company has an ROE of 13.6 percent and a payout ratio of 30 percent. What is the companys sustainable growth rate? (Do

The Iron River Company has an ROE of 13.6 percent and a payout ratio of 30 percent. What is the companys sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Please answer question quickly. Please show all work. WIll give very good review and thumbs up! Answer is NOT 9.52!!!!

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