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The Wintergrass 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

The Wintergrass 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 and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate

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