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The most recent financial statements for Mandy Company are shown below: Income Statement Balance sheet Sales $91,800 Current assets $32,500 Debt $42,600 Costs 66,450 Fixed

The most recent financial statements for Mandy Company are shown below: Income Statement Balance sheet Sales $91,800 Current assets $32,500 Debt $42,600 Costs 66,450 Fixed assets 93,500 Equity 83,400 $25,350 Total $126,000 Total $126,000 Tax (228) 5,577 Net Incone $19,773 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 . Sustainable growth rate

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