What is sustainable growth rate

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Reference no: EM131324939

Assume the following ratios are constant:

Total asset turnover 2.6

Profit margin 6.6 %

Equity multiplier 1.5

Payout ratio 25 %

What is 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.)

Reference no: EM131324939

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