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The most recent financial statements for Schenkel are shown here Income Statement Sales $ 1 8 , 1 0 0 Costs 1 3 , 9

The most recent financial statements for Schenkel are shown here Income Statement Sales $18,100 Costs 13,900 Balance Sheet Current $12,200 Debt assets Fixed assets 29,500 Equity $ 16,70025,000 Taxable $ 4,200Total $ 41,700Total $ 41,700 income Taxes (40%)1,680 Net income $ 2,520 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 25 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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