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Volbeat, Inc., wishes to maintain a growth rate of 12 percent per year and a debtequity ratio of .5. Profit margin is 5.2 percent, and

Volbeat, Inc., wishes to maintain a growth rate of 12 percent per year and a debtequity ratio of .5. Profit margin is 5.2 percent, and the ratio of total assets to sales is constant at 1.61.

What dividend payout ratio is necessary to achieve this growth rate under these constraints?

What is the maximum sustainable growth rate possible given these constraints?

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