Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $4,500 Cost 3,500 Net income $1,000 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 1,000 $ Assets $6,500 $7,000 Debt $ 833 5,667 6,000 Equity Total $6,500 $7,000 Total $ 6,500 7,000 $ 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 % Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $4,500 Cost 3,500 Net income $1,000 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 1,000 $ Assets $6,500 $7,000 Debt $ 833 5,667 6,000 Equity Total $6,500 $7,000 Total $ 6,500 7,000 $ 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 %