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thumbs up if correct thanks! Based on the following financial statements: 2012 $5,500,000 2.850,000 280,000 1,500,000 870,000 130.000 740.000 330,000 $ 410,000 2012 2011 Income

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Based on the following financial statements: 2012 $5,500,000 2.850,000 280,000 1,500,000 870,000 130.000 740.000 330,000 $ 410,000 2012 2011 Income Statement Sales Cost of goods sold Depreciation Soling & administrative expenses EBIT Interest expense Taxable income Taxos Not income Balance Sheet, year-end Assets Cash Accounts recova Inventory Total currents Fbxed assets Total assets Liabilities and shareholders' equity Accounts payabi Short-term dobt Total current labios Long-term bonds Total abetos $ 50,000 680,000 490,000 $1,200,000 3,100,000 $4,300,000 $ 40,000 600,000 480,000 $1,210,000 2.800,000 $4.010,000 $ 340,000 480,000 $ 820,000 2,520,000 $3.340,000 $ 450,000 550,000 $1,000,000 2,200,000 $3.200,000 Common stock Retained earnings Total shareholders' equity Total abilities and shareholders' equity $ 310,000 650.000 $ 900,000 $ 310,000 500,000 810,000 $4.300.000 $4.010.000 If the company paid $260,000 in dividends in 2012, what is the closest sustainable growth rate (g) for the company assuming it continues to pay dividends at the same payout ratio as it did in 2012? 5% 10% 15% 20%

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