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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet $89,400 Current Sales $30,500 Debt $ 40,200 assets 65,250

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet $89,400 Current Sales $30,500 Debt $ 40,200 assets 65,250 Costs Fixed assets 92,300 Equity 82,600 24,150 Taxable income$ $ 122,800 Total Total $122,800 5,555 18,595 Net Income Assets 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, e.g., 32.16.) Internal growth rate

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