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The most recent financial statements for Mandy Company are shown below: Assets and costs are proportional to sales. Debt and equity are not. The company

The most recent financial statements for Mandy Company are shown below:
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. What is the sustainable growth rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Answer is complete but not entirely correct.
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