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Internal Growth Rate Leash N Collar reported a profit margin of 9.2%, total asset turnover ratio of 2.7 times, debt-to-equity ratio of 0.87 times, net

Internal Growth Rate Leash N Collar reported a profit margin of 9.2%, total asset turnover ratio of 2.7 times, debt-to-equity ratio of 0.87 times, net income of $520,000, and dividends paid to common stockholders of $320,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)

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