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The most recent financial statements for Burnaby Co are shown here: 8,600 Statement of Comprehensive Income Sales $14,500 Costs Taxable income $ 6,000 Taxes (40%)

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The most recent financial statements for Burnaby Co are shown here: 8,600 Statement of Comprehensive Income Sales $14,500 Costs Taxable income $ 6,000 Taxes (40%) 2,400 Net income $ 3,600 Current assets Fixed assets Total Statement of Financial Position $12,300 Debt 29,750 Equity $42,050 Total $16.800 25,250 $42,050 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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