What is its sustainable growth rate do not round, Finance Basics

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What is its sustainable growth rate do not round

Question: The Crash Davis Driving School has an ROE of 14.1 percent and a payout ratio of 40 percent.

What is its sustainable growth rate? (Do not round 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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Finance Basics: What is its sustainable growth rate do not round

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