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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 16% in 2019 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 16% in 2019 and all assets and liabilities increase correspondingly. a. If the payout ratio is set at 55% and no extemal 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.) b. If the payout ratio is set at 55% and the firm maintains a fixed debt ratio but issues no equity, 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.)

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