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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Current Sales $15,000 $32,345 Debt $31,878 assets Fixed Costs

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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Current Sales $15,000 $32,345 Debt $31,878 assets Fixed Costs 9,000 22,633 Equity 23,100 assets Taxable $6,000 Total $54,978 Total $54,978 income Taxes (33%) 1,980 Net income $4,020 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 18 percent dividend payout ratio. No external equity financing is possible. Required: What is the sustainable growth rate? (Do not round your intermediate calculations.)

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