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a-c? Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales $8,500 Cost 6,700 Net income $1,800 BALANCE SHEET, YEAR-END 2018 2019

a-c?
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Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales $8,500 Cost 6,700 Net income $1,800 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 $1,000 Assets $5,500 $6,000 Debt $853 Equity 4,647 5,000 Total $5,500 $6,000 Total $5,500 $6,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 25%, (b) 30 %, and (c) 35 %. (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing Need (a) 25% $ 125.00 (b) 30% (c) 35%

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