1 The most recent financial statements for Mandy Company are shown here: Income Statement Sales Costs $19,100 12,960 Current assets Fixed assets. Balance Sheet $ 11,740 Debt 27,000 Equity $ 15,820 22.920 Taxable income $ 6,140 Total $38,740 Total $38,740 Taxes (25%) 1,535 02:16:58 Net Income $4,605 25 points 8 eBook Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. What is the internal growth rate? (Do not round Intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate