4: (8 marks) The most recent financial statement for Live Co., are shown below: Income Statement Balance Sheet Sales 153,250 Current Assets Costs 9,480 Fixed Assets 10,400 Long-term Debt 28,750 Equity 17,500 21,650 Taxable Income 3,770 Taxes (34%) Net Income 1,508 Total 2,262 39,150 Total 39,150 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30% dividend payout ratio. No external equity financing is possible. a. What is the maximum growth rate that can be achieved without the need for external finance (the internal rate of growth)? b. What is the growth rate which will enable the company to maintain its debt/equity ratio (the sustainable growth rate)