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

Income Statement				Balance Sheet
Sales	$	63,700		Current assets	$	25,500	Debt	$	41,700
Costs		44,930		Fixed assets		78,400	Equity		62,200
Taxable income	$	18,770		Total	$	103,900	Total	$	103,900
Tax (30%)		5,631
Net Income	$	13,139

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 38 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 %