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The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales $16,700 Costs 11,800 Taxable income $ 4,900 Taxes (40%)

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The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales $16,700 Costs 11,800 Taxable income $ 4,900 Taxes (40%) 1,960 Net income $ 2,940 Current assets Fixed assets Total Statement of Financial Position $12,100 Debt 29, 250 Equity $41, 350 Total $16,600 24,750 $41,35e 1 Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 20% 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.) es Internal growth rate %

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