Recent financial statements for Clemence Corp. are presented below:

Income Statement		Balance Sheet
Sales	$3,800	Current assets	$4,039	Debt	$8,076
Costs	2,508	Fixed assets	9,889	Equity	5,852
Taxable income	$1,292	Total	$13,928	Total	$13,928
Taxes (21%)	271
Net income	$1,021

Costs and assets are both taken proportional to sales, while equity and debt are not. The company maintains a constant 36 percent dividend payout ratio.

Compute the internal growth rate for the company?

Multiple Choice

• 5.02%

• 2.71%

• 4.82%

• 12.57%

• 4.92%