Here are the abbreviated financial statements for Planners Peanuts:

Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2018 of 20%, 25%, and 30%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

INCOME STATEMENT, 2017 Sales Cost Net income $3,500 2,700 $ 800 BALANCE SHEET,YEAR-END 2016 2016 2017 $4,500 5, 000 Debt 833 $1,000 Equity 3,667 4,000 $4,500 $5,000 Total $4,500 5,000 2017 Assets Total External Financing Need 20% 25% 30%