The most recent financial statements for Shinoda Manufacturing Co. are shown below:

Income Statement				Balance Sheet
Sales	$	63,000		Current assets	$	22,000	Debt	$	38,200
Costs		45,280		Fixed assets		74,900	Equity		58,700
Taxable income	$	17,720		Total	$	96,900	Total	$	96,900
Tax (35%)		6,202
Net Income	$	11,518

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 31 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 %