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You are given the following information for Hendrix Guitars, Inc. 6.5% 1.5 Profit margin Total asset turnover Total debt ratio Payout ratio 46 30% Calculate

You are given the following information for Hendrix Guitars, Inc. 6.5% 1.5 Profit margin Total asset turnover Total debt ratio Payout ratio 46 30% 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.) Sustainable growth rate

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