The most recent financial statements for Bello Co. are shown here:

Income Statement				Balance Sheet
Sales	$	20,000		Current assets	$	11,920		Debt	$	16,360
Costs		13,700		Fixed assets		31,050		Equity		26,610
Taxable income	$	6,300		Total	$	42,970		Total	$	42,970
Taxes (22%)		1,386
Net income	$	4,914

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.)