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Tinsley, Incorporated, wishes to maintain a growth rate of 1 3 . 7 5 percent per year and a debt - equity ratio of 4

Tinsley, Incorporated, wishes to maintain a growth rate of 13.75 percent per year and a debt-equity ratio of 45. The profit margin is 4.7 percent, and total asset turnover is constant at 1.17.
a. What is the dividend payout ratio?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calc ulations and enter your answer as a percent rounded to 2 decimal places, e.g.,3216.
b. What is the maximum sustainable growth rate for this company?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.g.,3216.
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