Fimbel Garage Door Company, INC has the following balance sheet (in millions of dollars)

Last years sale were $10 million. Fimbels management has identified the following facts: (1) it pays out 30 percent of earnings as dividends; (2) a profit margin of 4 percent is projected; (3) all assets were used to full capacity; and (4) assets and spontaneous liabilities as shown on the balance sheet are expected to grow proportionally with sales. If the above assumption hold, what is the maximum growth rate in sales Fimbel can sustain without requiring external funds- that is, at, what growth rate in sales will Fimbels AFN = $0.00?

Current Assets $3.0 Accounts Payable $1.2 Net Fixed Assets 4.0 Notes Payable 0.8 0.3 Accrued Wages and taxes Total current liabilities $2.3 Long-term debt 1.2 Common Equity 1.5 Retained earnings 2.0 Total Assets $7.0 Total liability and equity