The most recent financial statements for Live Co. are shownhere: Income Statement Sales $18801 Costs $10361 Taxable Income ?Taxes (40%) ? Net Income ? Balance Sheet Current Asset $13198 Debt$18918 Fixed Asset $31869 Equity ? Assets and costs areproportional to sales. Debt and equity are not. The companymaintains a constant 28 percent dividend payout ratio. No externalfinancing is possible. What is the internal growth rate (in %)?
