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Please show/explain how you get the answer. Thank you. The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales

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Please show/explain how you get the answer. Thank you.

The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,200 $3,401 Debt $6,801 Current assets Fixed -assets Costs 2,112 8,328 Equity 4,928 $1,088 Total $11,729 Total $11,729 Taxable income Taxes (33%) Net income 359 $729 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate? (Do not round your intermediate calculations.)

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