Question: The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Current Sales $13,000 $28,032 Debt $27,628 assets Costs 7,800

The most recent financial statements for Live Co. are shown here: Income

The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Current Sales $13,000 $28,032 Debt $27,628 assets Costs 7,800 Fixed -assets 19,616 Equity 20,020 Taxable $5,200 Total $47,648 Total $47,648 income Taxes (34%) 1,768 Net income $3,432 Assets and costs are proportional to sales. Debt and equity are not. The compan maintains a constant 34 percent dividend payout ratio. No external equity financing possible. Required: What is the sustainable growth rate? (Do not round your intermediate calculations.)

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