$8\mathrm{.}3$ Last year your company had sales of $ $12$ million, its total assets were $$15$ million, spontaneously generated liabilities $($accounts payable and ac$-$ cruals$)$ $$6$ million, its profit margin was $15\%$ and its dividend payout ra$-$ tio $60\%.$

a$)$ Assuming the key ratios will remain constant, use the additional funds needed equation to determine the self$-$supporting growth rate$$for$$next

year.b$)$ What dividends per share would you expect for the next two years if the company has $1$ million common shares outstanding and wants to main$-$ tain the self$-$supporting growth rate? c$)$ What would be the company's self$-$supporting growth rate if it decided to retain all$$its$$earnings$?$ Expected Answers A$)9\mathrm{.}64\%$ B$)24\mathrm{.}10\%$