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The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income: Sales Costs $13,350 Current assets. $10,700 Statement of Financial
The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income: Sales Costs $13,350 Current assets. $10,700 Statement of Financial Position Debt $15,200 Taxable income 7,750 $5,600 Fixed assets 25,750 Equity 21,250 Total $36,450 Total $36,450 Taxes (40%) Net income 2,240 $3,360 Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 40% 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
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