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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet   Sales...

The most recent financial statements for Bello Co. are shown here:
Income Statement Balance Sheet
  Sales $ 19,800 Current assets $ 11,880 Debt $ 16,240
  Costs 13,500 Fixed assets 30,150 Equity 25,790
  Taxable income $ 6,300     Total $ 42,030     Total $ 42,030
  Taxes (24%) 1,512
    Net income $ 4,788

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio.

What is the internal growth rate?
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