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Sales                     = $165,000

               Net

Income        = $14,800

               Dividends           = $9,300

               Total Debt          = $68,000

               Total Equity       = $51,000

What is the sustainable growth rate for the company? If it does grow at this rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio? What growth rate could be supported with no outside financing at all?

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