The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $18,000 Current assets $11,900 Debt $16,400 24,250 Taxable income Taxes (40%) Net income 12,100 Fixed assets 28,750 Equity 5,900 Total 2,360 $40,650 Total $40,650 $ 3,540 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. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate