With reference to Equation 15.1, explain how each of the variables infl uences the fi rm’s sustainable growth rate. If high leverage allows a fi rm to increase its sustainable growth rate, does that...

With reference to Equation 15.1, explain how each of the variables infl uences the fi rm’s sustainable growth rate. If high leverage allows a fi rm to increase its sustainable growth rate, does that mean that higher leverage is necessarily good for the fi rm?