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

Income Statement Balance Sheet

Sales$3,400 Current assets$3,614Debt$7,226

Costs2,244

Fixed assets 8,848 Equity5,236

Taxable income$1,156Total$12,462 Total$12,462

Taxes (34%) 393

Net income$763

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. No external equity financing is possible.

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