A firm is projecting growth of 12% next year. Management has publicized the following goals: o Finance 50% of assets with debt Payout 75% of earnings as dividends Maintain a net margin of 8% Avoid the issuance of new equity o keep the firm's asset turnover constant at 1.2 Can the firm meet the stated goals and growth target? Why or why not? Yes, the goals are consistent No, because the growth rate is not consistent with the other goals No, because sales growth will be less than 12% No, because sales must grow at a rate greater than 12%