The most recent financial statements for Live Co. are shown here:

Income Statement Balance Sheet
Sales $11,000 Current assets $23,719 Debt $23,377
Costs 6,600 Fixed assets 16,598 Equity 16,940
Taxable income $4,400 Total $40,317 Total $40,317
Taxes (34%) 1,496
Net income $2,904

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. What is the fastest the company could grow while keeping the current debt-equity ratio constant and without issuing new shares? (Do not round your intermediate calculations.)

HINT: You must know the difference between IGR and SGR.

15.89 %
3.55 %
16.39 %
6.11 %
15.39 %