The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,000 Current assets $ 10,500 Debt $ 15,000 Costs 9,500 Fixed assets 25,250 Equity 20,750 Taxable income $ 4,500 Total $ 35,750 Total $ 35,750 Taxes (40%) 1,800 Net income $ 2,700 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)