Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 16% in 2019 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income $ 7,400 5,200 $2,200 Net assets Balance Sheet, Year-End 2018 2017 $ 6,549 $ 6,100 Debt Equity $ 6,549 $ 6,100 Total 2018 $ 2,849 3,700 $ 6,549 2017 $ 2,733 3,367 $ 6,100 Total a. If the payout ratio is set at 55% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Internal growth rate 15.65 %