Consider a firm that has the following ratios. You may assume that the ratios will remain constant going forward.

Total asset turnover	3.2
Profit margin	5.7 %
Equity multiplier	2.3
Payout ratio	55 %

If the firm is operating at full capacity, at what rate can it grow without taking on any additional external financing from new creditors or new equity investors.

Calculate and enter your answer as a percent to 2 decimal places.