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The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Statement...

The most recent financial statements for Burnaby Co. are shown here:

Statement of Comprehensive Income Statement of Financial Position
Sales $ 13,850 Current assets $ 12,200 Debt $ 16,700
Costs 9,650 Fixed assets 29,500 Equity 25,000
Taxable income $ 4,200 Total $ 41,700 Total $ 41,700
Taxes (40%) 1,680
Net income $ 2,520

Assets and costs are proportional to sales. Debt and equity are not. Burnaby maintains a constant 25% dividend payout ratio. No external equity financing is possible.

What is the internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Internal growth rate            

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