Determine the sustainable growth rate

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Reference no: EM131969076

Last year Lakesha's Lounge Furniture Corporation had an ROE of 18.8 percent and a dividend payout ratio of 27 percent.

What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Sustainable growth rate=

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131969076

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