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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $4,000 Current assets $4,252 Debt $8,501 Costs 2,640 Fixed

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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $4,000 Current assets $4,252 Debt $8,501 Costs 2,640 Fixed assets 10,409 Equity 6,160 Taxable income $1,360 Total $14,661 Total $14,661 Taxes (35%) 476 Net income $884 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 16 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate? (Do not round your intermediate calculations.) Hint: since all the numbers belong to the same year (time =t)

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