2 The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet 4 Current $12.040 $16,720 Sales $20,600 Debt assets points Fixed assets 33,750 Costs 14,200 Equity 29,070 0206:37 Taxable 6,400 $45,790 $45,790 Total Total income Taxes (23%) 1,472 $ 4,928 Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)