Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 17% in 2022 and all assets and liabilities increase correspondingly.

Income Statement
Sales	$ 5,400
Costs, including interest	4,200
Net income	$ 1,200

Balance Sheet, Year-End
	2021	2020		2021	2020
Net assets	$ 4,509	$ 4,100	Debt	$ 1,809	$ 1,733
			Equity	2,700	2,367
Total	$ 4,509	$ 4,100	Total	$ 4,509	$ 4,100

If the payout ratio is set at 65% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes?

If the payout ratio is set at 65% and the firm maintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate for Archimedes?

Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 17% in 2022 and all assets and liabilities increase correspondingly. a. If the payout ratio is set at 65% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? b. If the payout ratio is set at 65% and the firm maintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate for Archimedes? Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places