Carolina Co's finance manager was working on the external financing need model when he had to evacuate the area. Could you please complete his analysis? Total assets X1 38,000 Liabilities and Equity in X1 AP 800 Long term debt 9,200 Common stock 8,000 RE- 20,000 X1 Net income was $4,400, the dividend payout ratio was 20% and the company plans to keep that payout rate indefinitely In X2, the company plan to increase sales by 15%. If all assets, accounts payable and net income grow at the same rate as sales: 1. Calculate the company's external financing need. 2. Calculate the company's internal growth rate (using the X1 information). Is the answer you with the growth rate you calculated? 3. Calculate the company' found for part 1 consistent s sustainable growth rate (using the X1 information). Did sales grow as much as they could wanted to hold its D/E ratio constant? If the company wanted to maintain the X1 D/E ratio, what level of sales growth should they pursue? hint, no new calculation is needed to answer this last question)