The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Costs Current assets $ 12,000 Debt $ 16,600 20,400 14,000 Fixed assets 32,850 Equity 28,250 $ Taxable income $ 6,400 Total Total $44,850 44,850 Taxes (22%) 1,408 Net income $ 4,992 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.) Internal growth rate %