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$.,32\mathrm{.}16.$

Sustainable growth rate