Chapter 4 Homework Spring 2021 Saved 4. The most recent financial statements for Schenkel Co. are shown here: Balance Sheet 12.5 points Income Statement Sales $16,700 Costs 11,800 $ 12,100 Debt Current assets Fixed assets $ 16,600 24,750 29,250 Equity Taxable income $ 4,900 Total $ 41,350 Total $ 41,350 Taxes (40%) 1.960 Net income $ 2,940 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