If the profit margin of the firm in problem 23 is 6%, what is the maximum possible growth rate that can be sustained without external financing?

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Income Statement, 2014 Balance Sheet, 2014 Liabilities Current liabilities: Accounts payable Sales Assets S200,000 (150,000) Costs Current assets: EBIT Cash S 3,000 $ 10,000 50,000 Interest expense (10,000) Accounts receivable Inventories Total current assets Net plant and equipment Total current liabilities 8,000 10,000 Taxable income Taxes (at 35%) Net income 29,000 Long term debt Shareholders' Equity Common stock Retained earnings Total liabilities and shareholders' equity 40,000 100,000 (14,000) $ 40,000 15,000 S 26,000 160,000 (10,400) Dividends 75,000 Addition to retained eamings 15,600 Total assets S200,000 $200,000