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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $17,000 Current assets $36,657 Debt $36,128 Costs 10,200 Fixed

The most recent financial statements for Live Co. are shown here:

Income Statement Balance Sheet
Sales $17,000 Current assets $36,657 Debt $36,128
Costs

10,200

Fixed assets 25,651 Equity 26,180
Taxable income $6,800 Total

$62,308

Total

$62,308

Taxes (34%) 2,312
Net income

$4,488

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.)

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