The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $18,000 Current assets $38,814 Debt $38,254 Costs 10,800 Fixed assets 27,160 Equity 27,720 Taxable income $7,200 Total $65,974 Total $65,974 Taxes (34%) 2,448 Net income $4,752 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 28 percent dividend payout ratio. No external equity financing is possible. Required: What is the sustainable growth rate? (Do not round your intermediate calculations.)

a. 5.04 %

b. 5.47 %

c 13.58 %

d.14.08 %

E14.58 %