Cost Net income 1. See $ See Assets BALANCE SHEET, YEAR-END 2018 2019 $ 2,500 $3,000 Debt Equity $ 2,500 $ 3,000 Total 2018 $ 833 1,667 $2,500 2019 $1,000 2,000 $3,000 Total 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) 15%, (b) 20%, and (c) 25% (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing Need (a) (b) (c) 15% 20% 25% Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT 2019 Sales $ 2, Bee Cost 1. See Net Income See Assets BALANCE SHEET, YEAR-END 2018 2019 $ 2,5ep $ 3,00 Debt Equity $ 2, see $ 3,000 Total 2012 $833 1,667 $2,500 2019 $1,000 2.000 53,000 Total Assume the payout ratio is 50% a. Calculate the internal growth rate where no external debt or equity is to be issued. (Do not round Intermediate calculations. Enter your answer as a whole percent.) Internal growth rate 96 b. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but ssues no equity. (Do not round Intermediate calculations. Enter your answer as a whole percent.) Sustainable growth rate