Determine a venture's sustainable growth rate based on the following information: sales = $1,000,000; net income = $150,000; common equity at the end of last year = $520,000; and the dividend payout percentage = 20%.
A) 10%
B) 16%
C) 20%
D) 24%
E) 30%

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The Answer of Determine a venture's sustainable growth rate based on the following information: sales = $1,000,000; net income = $150,000; common equity at the end of last year = $520,000; and the dividend payout percentage = 20%.
A) 10%
B) 16%
C) 20%
D) 24%
E) 30%

Determine a Venture's Sustainable Growth Rate Based on the Following