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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 7,500 Cost 5,900 Net income $ 1,600 BALANCE SHEET, YEAR-END 2018

Here are the abbreviated financial statements for Planners Peanuts:

INCOME STATEMENT, 2019
Sales $ 7,500
Cost 5,900
Net income $ 1,600

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

Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 40%, (b) 45%, and (c) 50%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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