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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2017 and all assets and

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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2017 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income S 5,600 4,300 S 1,300 Balance Sheet, Year-End 2016 4,7044,300 2015 2016 2015 Net assets Debt s 1,904$1,833 Equity0 46 S 4,704 Total S 4,704 $4,300 Total S 4,300 a. If the payout ratio is set at 50% 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 as a percent rounded to 2 decimal places.) Internal growth rate b. Ir the payout ratio is set at 50% and the firm maintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate ror Archimedes? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Sustainable growth rate

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