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You are given the following information for Clapton Guitars, Inc. Profit margin 7.2 % Total asset turnover 1.6 Total debt ratio 0.53 Payout ratio 20

You are given the following information for Clapton Guitars, Inc.


Profit margin	7.2	%
Total asset turnover	1.6
Total debt ratio	0.53
Payout ratio	20	%

Calculate the sustainable growth rate. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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