Medtronic firm has $64,000,000 in equity and $55,000,000 in debt and forecast $30,000,000 in net income for the year. It

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answerhappygod
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Medtronic firm has $64,000,000 in equity and $55,000,000 in debt and forecast $30,000,000 in net income for the year. It

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Medtronic firm has $64,000,000 in equity and $55,000,000 in debt
and forecast $30,000,000 in net income for the year. It currently
pays dividends equal to 25% of its net income.

b. What would their sustainable growth rate be? NOTE: Answer in
percentage. If your answer is 0.0405, then answer 4.05.
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