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The most recent financial statements for Live Co. are shown here: Income Statement Sales Costs Taxable Income Taxes (40%) Net Income Current Asset Fixed Asset

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The most recent financial statements for Live Co. are shown here: Income Statement Sales Costs Taxable Income Taxes (40%) Net Income Current Asset Fixed Asset $16,131 $10,051 ? ? 2. ? Balance Sheet $14,397 $28,085 Debt Equity $19,701 ? Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 32 percent dividend payout ratio. No external financing is possible. What is the internal growth rate (in %)

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