The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 88,800 Current assets $ 30,000 Debt $ 39,600 Costs 64,950 Fixed assets 92,000 Equity 82,400 Taxable income $ 23,850 Total $ 122,000 Total $ 122,000 Tax 5,247 Net Income $ 18,603 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)