An all-equity-financed firm plans to grow at an annual rate of at least 28%. Its return on equity is 43%. What is the maximum possible dividend payout rate the firm can maintain without resorting to...

An all-equity-financed firm plans to grow at an annual rate of at least 28%. Its return on equity is 43%. What is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues?
(Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)