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

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Finance

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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,600 $3,827 Debt $7,651 Current assets Fixed assets Costs 2,376 9,368 Equity 5,544 $1,224 Total $13,195 Total $13,195 Taxable income Taxes (34%) Net income 416 $808 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate? (Do not round your intermediate calculations.) Multiple Choice 1.24%

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