The most recent financial statements for Mandy Company are shown here: Income Statement Sales $ 19,700 Costs 13,440 Current assets Fixed assets Balance Sheet $ 11,860 Debt 29,700 Equity $ 16,180 25,380 Taxable income $ 6,260 Total $ 41,560 Total $ 41,560 Taxes (25%) 1,565 Net income $ 4,695 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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.) Internal growth rate % %