Question: The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 20,400 Current assets $ 12,000 Debt $ 16,600

The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet Sales $ 20,400 Current assets $ 12,000 Debt $ 16,600 Costs 14,000 Fixed assets 32,850 Equity 28,250 Taxable income $ 6,400 Total $ 44,850 Total $ 44,850 Taxes (22%) 1,408 Net income $ 4,992 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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