The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: Income Statement Sales Costs $31,100,000 26,382,300 Taxable income Taxes $ 4,717,700 1,651,195 Net income $3,066,505 1,226,602 Dividends Addition to retained earnings 1,839,903 Balance Sheet Assets Liabilities and Owners' Equity Current assets $ 7,270,000 Accounts payable $ 6,220,000 Long-term debt 4,354,000 Fixed assets 17,299,000 Common stock Accumulated retained earnings $ 2,516,000 11,479,000 Total equity $13,995,000 Total assets 24,569,000 Total liabilities and equity $ 24,569,000 c. Calculate the sustainable growth rate for the company based on the current financial statements. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Sustainable growth rate 19.04 %