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

Income Statement Balance Sheet

Sales $ 19,200 Current assets $ 11,760 Debt $ 15,880

Costs 13,050 Fixed assets 27,450 Equity 23,330

Taxable income $ 6,150 Total $ 39,210 Total $ 39,210

Taxes (24%) 1,476

Net income $ 4,674

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 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.)

ustainable growth rate