Go-Go Industries is growing at 45% per year. It is all-equity-financed and has total assets of $1 million. Its return on equity is 30%. Its plowback ratio is 45%.

a. What is the internal growth rate? (Enter your answer as a percent rounded to 2 decimal places.)

b. What is the firms need for external financing this year? (Enter your answer in dollars not in millions. Do not round intermediate calculations.)

c. By how much would the firm increase its internal growth rate if it reduced its payout ratio to zero? (Enter your answer as a whole percent.)

d. By how much would such a move reduce the need for external financing? (Enter your answer in dollars not in millions. Do not round intermediate calculations.)