Internal Growth Rate Leash N Collar reported a profit margin of 9.5%, total asset turnover ratio of 3 times, debt-to-equity ratio of 0.9 times, net income of $550,000, and dividends paid to common stockholders of $350,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)
9.5263%
10.4972%
11.5619%
2.5088%