A7X Co. has an ROA of 7 percent and a payout ratio of 15 percent. What is its internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g, 32.16.) Internal growth rate % The types of assets which a firm holds are usually clearly related to the types of services or goods which the firm produces True or False True False The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $30,600 Costs 18,350 Balance Sheet Assets $72,400 Debt Equity $36,000 36,400 Taxable income $12,250 Total $72,400 Total $72,400 Taxes (22%) 2,695 Net income $ 9,555 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $34,272. What is the external financing needed? (Do not round intermediate calculations.) External financing needed In planning future business operations, managers generally assume that new technologies will be adopted gradually instead of suddenly True or False True False