Gemmill Co's income statement and balalnce sheet are provided below:

Assume that debt and equity do not grow proportional to sales but asset and costs do. And the company maintains a constant 16 percent ratio of dividends to net income.

Compute the rate of internal growth for Gemmill.

Gemmill Co's income statement and balalnce sheet are provided below: Income Statement Sales $4,900 Balance Sheet $5,208 Debt $10,413 Costs 3,234 Current assets Fixed -assets Total 12,751 Equity 7,546 $1,666 $17,959 Total $17,959 Taxable income Taxes (22%) Net income 367 $1,299 Assume that debt and equity do not grow proportional to sales but asset and costs do. And the company maintains a constant 16 percent ratio of dividends to net income. Compute the rate of internal growth for Gemmill. Multiple Choice O 6.57% O 6.47% O 16.91% O 6.37% O 1.17%