The most recent financial statements for BelloCo. are shown here:

Income Statement

Sales$20,400

Costs14,000

Taxable income$6,400

Taxes (22%)1,408

Net income$4,992

Balance Sheet

Current assets$12,000 Debt$16,600

Fixed assets32,850 Equity28,250

Total$44,850 Total$44,850

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.)