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The Steiben Company has an ROE of 14.8 percent and a payout ratio of 40 percent. What is the companys sustainable growth rate? (Do not

The Steiben Company has an ROE of 14.8 percent and a payout ratio of 40 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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