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

Income Statement				Balance Sheet
Sales	$	19,300		Current assets	$	11,780		Debt	$	15,940
Costs		13,200		Fixed assets		27,900		Equity		23,740
Taxable income	$	6,100		Total	$	39,680		Total	$	39,680
Taxes (21%)		1,281
Net income	$	4,819
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.)