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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Current Sales $98,400 $ 38,000 Debt assets Costs 85,600

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Current Sales $98,400 $ 38,000 Debt assets Costs 85,600 69,750 Fixed assets 96,800 Equity $ 49,200 Total Taxable income $28,650 $134,800 Total $134,800 Tax 6,590 Net Income $22,060 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.) Sustainable growth rate %

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