Question: Please show work. This problem is already on Chegg but the second answer is incorrect 23 0.75 points Problem 3-44 Constraints on Growth [LO 4]

Please show work. This problem is already on Chegg but the second answer is incorrect

Please show work. This problem is already on Chegg but the second

23 0.75 points Problem 3-44 Constraints on Growth [LO 4] High Flyer, Inc., wishes to maintain a growth rate of 13.75 percent per year and a debt equity ratio of .45. The profit margin is 4.7 percent, and total asset turnover is constant at 1.17 What is the dividend payout ratio? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Dividend payout ratio 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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