In: Finance
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 Shinedown, Inc., wishes to maintain a growth rate of 12 percent per year and a debt–equity ratio of .6. Profit margin is 5.4 percent, and the ratio of total assets to sales is constant at 1.73.  | 
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 What dividend payout ratio is necessary to achieve this growth rate under these constraints? (Do not be surprised if your answer is negative. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)  | 
| Payout ratio | -114.93% | 
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 What is the maximum growth rate possible? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)  | 
| Maximum growth rate | % |