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

Income Statement			Balance Sheet
Sales	$	96,000	Current assets	$	36,000	Debt	$	46,800
Costs		68,550	Fixed assets		95,600	Equity		84,800
Taxable income	$	27,450	Total	$	131,600	Total	$	131,600
Tax		6,588
Net Income	$	20,862

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)