Tinsley, Incorporated, wishes to maintain a growth rate of 13 percent per year and a debt-equity ratio of .3. The profit margin is 5 percent, and total asset turnover is constant at 1.2.

1. 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.

2. 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.