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

Income Statement		Balance Sheet
Sales	$4,200	Current assets	$4,464	Debt	$8,926
Costs	2,772	Fixed assets	10,930	Equity	6,468
Taxable income	$1,428	Total	$15,394	Total	$15,394
Taxes (35%)	500
Net income	$928

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 36 percent dividend payout ratio. No external equity financing is possible.

Required:

What is the internal growth rate? (Do not round your intermediate calculations.)

rev: 09_17_2012