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

Statement of Comprehensive Income				Statement of Financial Position
Sales	$	14,200		Current Assets	$	11,100		Debt	$	15,600
Costs		8,500		Fixed Assets		26,750		Equity		22,250
Taxable Income	$	5,700		Total	$	37,850		Total	$	37,850
Taxes (40%)		2,280
Net Income	$	3,420

Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 40 percent dividend payout ratio. No external equity financing is possible.

What is the internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Internal growth rate

%