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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 19,800 Current assets $ 11,880 Debt $ 16,240

The most recent financial statements for Mandy Company are shown here:

Income Statement Balance Sheet
Sales $ 19,800 Current assets $ 11,880 Debt $ 16,240
Costs 13,500 Fixed assets 30,150 Equity 25,790
Taxable income $ 6,300 Total $ 42,030 Total $ 42,030
Taxes (24%) 1,512
Net income $ 4,788

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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