Coheed, Inc., had equity of $160,000 at the beginning of the year. At the end of the year, the company had total assets of $224,000. During the year the company sold no new equity. Net income for the year was $72,000 and dividends were $46,080. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

(a) The sustainable growth rate for the company is ...... percent.

(b) The sustainable growth rate is........ percent if you use the formula ROE × b and beginning of period equity. If you use end of period equity in this formula, the sustainable growth rate is....... percent.