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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,000 Costs 13,700 Current assets Fixed assets Balance Sheet $ 11,920

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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,000 Costs 13,700 Current assets Fixed assets Balance Sheet $ 11,920 Debt 31,050 Equity $ 16,360 26,610 Taxable income K $ 6,300 Total $42,970 Total $42,970 Taxes (22%) 1,386 Net income ces 4,914 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 12.38%

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