The most recent financial statements for Bello Company are shown here:

Income Statement	Balance Sheet
Sales	$ 15,000	Current assets	$ 32,345	Debt	$ 31,878
Costs	9,000	Fixed assets	22,633	Equity	23,100
Taxable income	$ 6,000	Total	$ 54,978	Total	$ 54,978
Taxes (22%)	1,320
Net income	$ 4,680

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio.

What is the sustainable growth rate?

Multiple Choice

19.84%

19.34%

7.31%

18.84 %

4.22%