The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 20,300 Current assets $ 11,980 Debt $ 16,540 Costs 13,900 Fixed assets 32,400 Equity 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.)