The most recent financial statements for Mandy Company are shown below: Balance Sheet $36,500 Debt 95,900 Equity $ 132,400 Total Income Statement Sales Costs Taxable income Tax (25%) Net Income $ 96,600 Current assets 68,850 Fixed assets Total $ 27,750 6,938 $ 20,812 Sustainable growth rate Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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.

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 40 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.9., 32.16