The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 19,000 Current assets $ 11,720 Debt $ 15,760 Costs 12,880 Fixed assets 26,550 Equity 22,510 Taxable income $ 6,120 Total $ 38,270 Total $ 38,270 Taxes (21%) 1,285 Net income $ 4,835 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)