15. The most recent financial statement for Sammy Inc., are shown here: Income Statement Balance Sheet $6,700Current assets $4,100 Current liabilities Sales Costs 4,400 $2,300 782 $1,518 $2,100 3,700 $6,900 $12,700 Fixed assets Taxable income Taxes (34%) 8,600 Long-term debt Equity Total $12,700 Total Net income Assets, cost, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40% dividend payout ratio. As with-every other firm in its industry, next year's sales are projected to increase by exactly 15% What is the External financing needed? (8 points) 15% : Answer: 16. Assuming the following ratios are constant, what is the sustainable growth rate for Joe's Welding Supply? (6 points) Profit margin-7% Capital intensity ratio: 0.65 Debt to equity ratio 0.7 Net income $67,000 Dividends $16,000