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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 93,000 Current assets $ 33,500 Debt $

The most recent financial statements for Minnie's Manufacturing Co. are shown below:
Income Statement Balance Sheet
Sales $ 93,000 Current assets $ 33,500 Debt $ 43,800
Costs 67,050 Fixed assets 94,100 Equity 83,800
Taxable income $ 25,950 Total $ 127,600 Total $ 127,600
Tax 6,228
Net Income $ 19,722

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.)

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