Internal Growth Rate Leash N Collar reported a profit margin of 9.9%, total asset turnover ratio of 3.4 times, debt-to-equity ratio of 0.94 times, net income of $590,000, and dividends paid to common stockholders of $390,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)

1.9709%

10.9878%

12.8798%

9.101%