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Internal Growth Rate Leash N Collar reported a profit margin of 9.8%, total asset turnover ratio of 3.3 times, debt-to-equity ratio of 0.93 times, net

Internal Growth Rate Leash N Collar reported a profit margin of 9.8%, total asset turnover ratio of 3.3 times, debt-to-equity ratio of 0.93 times, net income of $580,000, and dividends paid to common stockholders of $380,000. 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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