Problem $4-7$ Calculating Sustainable Growth $[$LO$3]$

The most recent financial statements for Mandy Company are shown here:

Assets and costs are proportional to sales. Debt and equity are not. The company

maintains a constant $45$ percent dividend payout ratio. 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$.,32\mathrm{.}16.)$