Here are the abbreviated financial statements for Planners Peanuts:

INCOME STATEMENT, 2012
Sales	$	9,600
Cost		7,900
Net income	$	1,700

BALANCE SHEET, YEAR-END
	2011		2012			2011		2012
Assets	$	8,500	$	9,000	Debt	$	853	$	1,000
					Equity		7,647		8,000
Total	$	8,500	$	9,000	Total	$	8,500	$	9,000

Assume payout ratio is 50%.

a.	Calculate the internal growth rate were no external debt or equity is to be issued. (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

Internal growth rate

%

b.	Calculate the sustainable growth rate were the firm maintains a fixed debt ratio but issues no equity. (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

Sustainable growth rate

%