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4 value: .00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet $16,600 24,750 $16,700 Current assets $
4 value: .00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet $16,600 24,750 $16,700 Current assets $ 12,100 Debt Sales Costs 11,800 Fixed assets 29,250 Equity $41,350 S 4,900 1,960 Net income 2,940 Taxable income Total Total $41,350 Taxes (40%) Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate
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