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

Income Statement				Balance Sheet
Sales	$	14,600		Current assets	$	12,300		Debt	$	16,800
Costs		8,600		Fixed assets		29,750		Equity		25,250
Taxable income	$	6,000		Total	$	42,050		Total	$	42,050
Taxes (40%)		2,400
Net income	$	3,600

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., 32.16.)

Sustainable growth rate

%