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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 3,100 Cost 2,300 Net income $ 800 BALANCE SHEET, YEAR-END 2018

Here are the abbreviated financial statements for Planners Peanuts:

INCOME STATEMENT, 2019
Sales $ 3,100
Cost 2,300
Net income $ 800
BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 3,500 $ 4,000 Debt $ 853 $ 1,000
Equity 2,647 3,000
Total $ 3,500 $ 4,000 Total $ 3,500 $ 4,000

Assume the payout ratio is 50%.

A: Calculate the internal growth rate where no external debt or equity is to be issued. (Note: Do not round intermediate calculations. Enter your answer as a whole percent.)

B. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity. (Note: Do not round intermediate calculations. Enter your answer as a whole percent.)

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