Part A:

Part B:

The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet $20,900 Current Deb$16,900 14,400 Fixed assets 35,100 Equity 30,300 $12,100 Debt assets Total $47,200 Total $47,200 income Taxes (25%) 1,625 Net income 4,875 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. What is the internal growth rate? (Do not round intermedlate calculations and enter your answer as a percent rounded 2 declmal places, e.g., 32.16.) Internal growth rate