Problem 4-6 Calculating Internal Growth (LO3) The most recent financial statements for Bello Co. are shown here: Income Statement Sales $19,800 Costs 13,500 Balance Sheet Current assets $ 11,880 Debt Fixed assets 30,150 Equity $ 16,240 25,790 Taxable income $ 6,300 Total $42,030 Total $42,030 Taxes (24%) 1,512 Net income $ 4,788 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 intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Internal growth rate 13.72 X %