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

Income Statement Balance Sheet Sales $3,700 Current assets $3,933 Debt $7,863 Costs 2,442 Fixed assets 9,628 Equity 5,698 Taxable income $1,258 Total $13,561 Total $13,561 Taxes (34%) 428 Net income $830 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 32 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate?

A. 4.24%

B. 11%

C. 4.34%

D. 2%

E. 4.44%