What is Sustainable Growth Rate? (Not Internal Growth Rate)

The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $18,900 Current $ 11,700 Debt $ 15,700 assets Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable Income $ 6,100 Total $38,200 Total $38,200 Taxes (21%) 1,281 Net Income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the sustainable growth rate? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. Sustainable growth rate 9.68 96