The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,300 Costs 13,900 Current assets Fixed assets Balance Sheet $ 11,980 Debt 32,400 Equity $ 16,540 27,840 Taxable income $ 6,400 Total $44,380 Total $44,380 Taxes (21%) 1,344 Net income $ 5,056 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the 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 6.69 % |