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The Steiben Company has an ROE of 14.4 percent and a payout ratio of 30 percent. What is the companys sustainable growth rate?(Do not round

The Steiben Company has an ROE of 14.4 percent and a payout ratio of 30 percent.

What is the companys sustainable growth rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Sustainable growth rate

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