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Youve collected the following information about Hendrix Guitars, Incorporated: Profit margin = 4.4% Total asset turnover = 3.10 Total debt ratio = .29 Payout ratio

Youve collected the following information about Hendrix Guitars, Incorporated:

Profit margin = 4.4%
Total asset turnover = 3.10
Total debt ratio = .29
Payout ratio = 25%

What is the sustainable growth rate for the company?

Note: 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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