Johnson Products earned 462 per share last year and paid a d

Johnson Products earned $4.62 per share last year and paid a dividend of $1.55 per share. If ROE was 16 percent, what is the percentage sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

retention rate = 1 - 1.55/4.62

retention rate = 66.45%