The most recent financial statements for Schenkel Co. are shown here Income Statement Balance Sheet $16,400 Current assets $11,200 Debt $15,700 22,500 Sales Costs Taxable income Taxes (40%) 10,500 Fixed assets 27,000 Equity 5,900 2,360 Total $38,200 Total $38,200 Net income $ 3,540 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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