10

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

Income Statement
Sales	$15302
Costs	$12161
Taxable Income	?
Taxes (40%)	?
Net Income	?

Balance Sheet
Current Asset	$12198	Debt	$16531
Fixed Asset	$27378	Equity	?

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 25 percent dividend payout ratio. No external financing is possible.

What is the internal growth rate (in %)?

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 4 decimal places. For example, 1.23456% should be entered as 1.2346)