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

Income Statement			Balance Sheet
Sales	$	92,400	Current assets	$	33,000	Debt	$	43,200
Costs		66,750	Fixed assets		93,800	Equity		83,600
Taxable income	$	25,650	Total	$	126,800	Total	$	126,800
Tax		5,900
Net Income	$	19,750

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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)