Problem $3-44$ Constraints on Growth $[$LO $4]$

Tinsley, Incorporated, wishes to maintain a growth rate of $14\mathrm{.}5$ percent per year and a debt$-$equity ratio of $6.$ The profit margin is $4\mathrm{.}4$ percent, and total asset turnover is constant at $1\mathrm{.}14.$

o$.$ What is the dividend payout ratio?

Note: 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$.,32\mathrm{.}16.$

b$.$ What is the maximum sustainable growth rate for this company?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Dividend payout ratio,$-80\mathrm{.}67ox,\%$