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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Sales assets Costs 65,850 Fixed assets Balance Sheet $ 31,500 Debt

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Sales assets Costs 65,850 Fixed assets Balance Sheet $ 31,500 Debt $90,600 Current $41,400 92,900 Equity 83,000 Taxable income $ 24,750 Total $124,400 Total $124,400 Tax 6,188 Net Income $ 18,562 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? (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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