Attempts Score / 2 7. Internal Growth Rate Waltham Watches has a net income (NI) of $100 Million. Its total assets (TA) are $800 Million. Of the $100 Million, half, or $50 Million are retained (i.e. retained earnings are $50 Million). Based on this information, what is the internal growth rate of Waltham Watches (in %, to two decimal places)? %