2521/act HW Saved B Problem 29-24 Long-term financial plans ped Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 19% in 2018 and all assets and liabilities increase correspondingly. Also assume no new equity is issued and none is repurchased. Income Statement Sales $ 5,800 Costs, including interest $ 1,400 4,400 Sk Net income nces Net assets Balance Sheet, Year-End 2018 2017 $5,000 $4,500 Debt Equity $5,000 $4,500 Total 2018 $2,100 2.900 $5,000 2017 $1,933 3,567 $4,500 Total a. What is the value of the addition to retained earnings for 2018? Addition to retained earnings 1,400 b. What is the residual dividend for 2018? Residual dividend TI Question 4 X M MHE Read X mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.meducation.com%252F#/ 0363) 12X M McGwHX m Course FX Merx ES Saved Problem 29-26 Forecast growth rate Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 17% in 2018 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income 2017 $5,400 4, 200 $ 1,200 Net assets 2018 $4,509 Balance Sheet, Year-End 2017 $4,100 Debt Equity $4,100 Total 2018 $ 1,809 2, 700 $4,509 2017 $1,733 2, 367 $4,100 Total $4,509 o. If the payout ratio is set at 65% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? (Do not round intermediate calculations. Enter your answer os a percent rounded to 2 decimal places.) Internal growth rate %