Gemmill Co's income statement and balalnce sheet are provided below: Income Statement Balance Sheet Sales $4,200 $4,464 Debt $8,926 Current assets Fixed -assets Costs 2,772 10,930 Equity 6,468 $1,428 Total $15,394 Total $15,394 Taxable income Taxes (24%) Net income 343 $1,085 Assume that debt and equity do not grow proportional to sales but asset and costs do. And the company maintains a constant 34 percent ratio of dividends to net income. Compute the rate of internal growth for Gemmill