Chapter 4 Homework Spring 2018 Questlon 4 (of 7) value: 14.28 points The most recent financial statements for Schenkel Co. are shown here: Balance Sheet $16,500 24,500 Sales 14,500 Current assets $12,000Debt Equity Costs Taxable income Taxes (40%) 8,400 Fixed assets 29,000 6,100 2,440 3,660 $ Total $41,000Total$41,000 Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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