Calculate the CFFA, CFS and CFC, the Internal Growth Rate, the Sustainable Growth Rate and the dividend payout ratio for MVF based on the latest financial statements available. Based on your calculations, address whether an internal growth or sustainable growth strategy is a viable option for MVF at this time.

Malakoff Income Statement in '000s of $ Malakoff Balance Sheet in '000s of $ 2016 2017 Sales CGS Depreciation Gross Income 2016 $253 $71 $291 $983 2017 $224 $79 $237 $901 $11,201$11,289 7,619$7,657 Cash ST Invesments Accounts Receivable nven $211 $219 3,37$3,413 $3,080 $102 $189 $23 $85 $81 $3,194 $1,660 $1,753 $923 2,852$2,676 SG&A Other Expenses EBIT Interest Income Tax Net Income Buidings and Structures Machinery and Equipment Net Fixed Assets $75 $1,192 $144 $28 $18 $98 Intangible Assets $679 $679 Total Assets $5,129 $4,796 Liabilities A/P Income Tax Payable Other Current Liabilities ST Debt $528 $59 $15 $370 $456 $35 $143 $203 LTD $1,595$1,393 Equity Common Stock Add'l Paid in Capital Retained Earnings $375 $531 $1,656 $375 $458 $1,733 Liabilities and Equity $5,129 $4,796 Malakoff Income Statement in '000s of $ Malakoff Balance Sheet in '000s of $ 2016 2017 Sales CGS Depreciation Gross Income 2016 $253 $71 $291 $983 2017 $224 $79 $237 $901 $11,201$11,289 7,619$7,657 Cash ST Invesments Accounts Receivable nven $211 $219 3,37$3,413 $3,080 $102 $189 $23 $85 $81 $3,194 $1,660 $1,753 $923 2,852$2,676 SG&A Other Expenses EBIT Interest Income Tax Net Income Buidings and Structures Machinery and Equipment Net Fixed Assets $75 $1,192 $144 $28 $18 $98 Intangible Assets $679 $679 Total Assets $5,129 $4,796 Liabilities A/P Income Tax Payable Other Current Liabilities ST Debt $528 $59 $15 $370 $456 $35 $143 $203 LTD $1,595$1,393 Equity Common Stock Add'l Paid in Capital Retained Earnings $375 $531 $1,656 $375 $458 $1,733 Liabilities and Equity $5,129 $4,796