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he most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 20,200 Current assets $ 11,960 Debt $ 16,480

he most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 20,200 Current assets $ 11,960 Debt $ 16,480 Costs 13,900 Fixed assets 31,950 Equity 27,430 Taxable income $ 6,300 Total $ 43,910 Total $ 43,910 Taxes (22%) 1,386 Net income $ 4,914 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 55 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

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