The most recent financial statements for Minnie's Manufacturing Co. are shown below:

Income Statement Balance SheetSales $94,200Current assets$34,500Debt$45,000Costs67,650Fixed assets94,700Equity84,200Taxable income$26,550Total$129,200Total$129,200Tax5,576Net Income$20,974Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible.

What is the internal growth rate?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places)

Internal Growth Rate ___ %