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

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate?

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Balance Sheet Income statement $18,900 Current assets 12,800 Fixed assets Total Sales $11,700 Debt $15,700 22,500 Costs Taxable income Taxes (21%) Net income 26,500 Equity Total $38,200 $ 6,100 1,281 $ 4,819 $38,200