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

Tinsley, Incorporated, wishes to maintain a growth rate of 15.75 percent per year and a debt-equity ratio of .85. The profit margin is 4.9 percent, and total asset turnover is constant at 1.09.
What is the dividend payout ratio?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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.,32.16.
a. Dividend payout ratio -49.17%
b. Sustainable growth rate 11.04%
a. is wrong. what is the right answer? Please help

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