The most recent financial statements for Mandy Company are shown below Income Statement Sales Costs $ 99,600 70,350 Current assets Fixed assets Balance Sheet $ 39,000 97,400 Debt Equity $ 50,400 86,000 Taxable income $ 29,250 Total $ 136,400 Total $ 136,400 Tax (25%) 7,313 Net Income $ 21,937 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio No external financing is possible What is the internal growth rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Internal growth rate es %