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You are given the following information for Hendrix Guitars, Inc. Profit margin 7.0 % Total asset turnover 1.5 Total debt ratio .51 Payout ratio 40

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

Profit margin 7.0 %
Total asset turnover 1.5
Total debt ratio .51
Payout ratio 40 %

Calculate 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.)

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