Use the below information to answer the following question.

Income Statement
For the Year
Sales	$28,400
Cost of goods sold	21,200
Depreciation	2,700
Earnings before interest and taxes	$ 4,500
Interest paid	850
Taxable income	$ 3,650
Taxes	1,400
Net income	$ 2,250
Dividends $900

Balance Sheet
End-of-Year
Cash	$ 550
Accounts receivable	2,450
Inventory	4,700
Total current assets	$ 7,700
Net fixed assets	16,900
Total assets	$24,600
Accounts payable	$ 2,700
Long-term debt	9,800
Common stock ($1 par value)	8,000
Retained earnings	4,100
Total Liab. & Equity	$24,600

The firm does not want to incur any additional external financing. The dividend payout ratio is constant. What is the firm's maximum rate of growth?

5.81 percent

6.18 percent

5.49 percent

6.03 percent

5.97 percent