Assume the Crash Davis Driving School has a 16.1 percent ROE and a 60 percent payout ratio. Required: What is the sustainable growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Sustainable growth rate %

Assume the Crash Davis Driving School has a 16.1 percent ROE and a 60 percent payout ratio.  

Required:

What is the sustainable growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

 

Sustainable growth rate

%