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The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet 15,500 Sales 17,700 Current assets $11,000 Debt Costs 13,800 Fixed

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The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet 15,500 Sales 17,700 Current assets $11,000 Debt Costs 13,800 Fixed assets 26,500 Equity 22,000 Taxable income 3,900 Total $37,500 Total $37,500 Taxes (40%) 1,560 Net income 2,340 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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