The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,200 Current assets $3,401 Debt $6,801 Costs 2,112 Fixed assets 8,328 Equity 4,928 Taxable income $1,088 Total $11,729 Total $11,729 Taxes (33%) 359 Net income $729 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 38 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate? (Do not round your intermediate calculations.) rev: a)4.11% b)3.91% c)4.01% d)2.42% e)10.1%