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The most recent financial statements for LIVE Co. are shown here: Income Statements Sales$17, 500 Cost$11, 800 Taxable Income$ 5700 Taxes(40%)2,280 Net Income $3,420 Balance

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

Income Statements

Sales$17, 500

Cost$11, 800

Taxable Income$ 5700

Taxes(40%)2,280

Net Income $3,420

Balance Statement

Current assets$10,400

Fixed assets$28,750

Total$39,150

Debt$17,500

Equity $ 21,650

Total $39, 150

Assets and cost are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible.

What is the sustainable growth rate? ( Do not round intermediate calculations and round your final answer to 2 decimal places.)

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