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89. The most recent financial statements for Benatar Co. are shown here: Income Statement Balance Sheet $24,865 18018 $42,883 $11,700.00 Current assets $12,436 Debt Sales

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89. The most recent financial statements for Benatar Co. are shown here: Income Statement Balance Sheet $24,865 18018 $42,883 $11,700.00 Current assets $12,436 Debt Sales Costs Taxable income Taxes (33%) Net income 7.722.00 Fixed assets 30447 quity 3,978.00 Total $42,883 Total $2,665.26 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. What is the internal growth rate? A. 2.91 percent B. 3.44 percent C. 3.87 percent D. 4.02 percent E. 4.14 percent

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