Value 10.00 points The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 16,200 Costs 12,400 Current assets Fixed assets Balance Sheet $10,600 Debt 25,500 Equity $ 15,100 21,000 $36,100 Taxable income $ 3,800 Total $36,100 Total Taxes (40%) 1,520 Net income $ 2,280 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 25 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 Hints References eBook & Resources Type here to search