Mercantile Co. has net income of $3,413,500 on assets of $16,109,445 and retains 55 percent of its i… Show more Mercantile Co. has net income of $3,413,500 on assets of $16,109,445 and retains 55 percent of its income every year. What is the company’s internal growth rate? (Do not round intermediate calculations. Round final answer to two decimal places.) • Show less