Problem 4-6 Calculating Internal Growth [LO3] The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales Current assets Debt 20,300 13,900 $ 11,980 32,400 $ 16,540 27,840 Costs Fixed assets Equity Taxable income $ 6,400 Total $ 44,380 Total $ 44,380 Taxes (21%) 1,344 Net income $ 5,056 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate %