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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet Current 11,82 $19,500 Current 0 Deb$16,060 13,300
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet Current 11,82 $19,500 Current 0 Deb$16,060 13,300 Fixed assets 28,800 Equity 24,560 $6,200 T$40,620 Total $40,620 income Taxes (23%) 1,426 Net income 4,774 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 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.) Internal growth rate
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