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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Sales $99,000 curent Costs 70,050 Fixed assets $99.000 assets Balance Sheet

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Sales $99,000 curent Costs 70,050 Fixed assets $99.000 assets Balance Sheet 38.500 Debt 97,100 Equity 97100 Equity $ 49,800 85.800 Taxable income $28.950 Total $135.600 Total $135,600 Tax 6.948 Net Income $22.002 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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., 32.18.) Sustainable growth rate

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