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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $10,000 Current assets $21,563 Debt $21,252 Costs 6,000 Fixed

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

Income Statement Balance Sheet
Sales $10,000 Current assets $21,563 Debt $21,252
Costs

6,000

Fixed assets 15,089 Equity 15,400
Taxable income $4,000 Total

$36,652

Total

$36,652

Taxes (33%) 1,320
Net income

$2,680

Assets and costs 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.

Required:

What is the sustainable growth rate? (Do not round your intermediate calculations.)

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