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The most recent financial statements for Schenkel Co. are shown here: Income StatementBalance Sheet Sales$16,200 Current assets$10,600 Debt$15,100 Costs12,400 Fixed assets25,500 Equity21,000 Taxable income$3,800Total$36,100 Total$36,100

The most recent financial statements for Schenkel Co. are shown here:

Income StatementBalance Sheet

Sales$16,200 Current assets$10,600 Debt$15,100

Costs12,400 Fixed assets25,500 Equity21,000

Taxable income$3,800Total$36,100 Total$36,100

Taxes (40%)1,520

Net income$2,280

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.)

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