Here are the abbreviated financial statements for Planners Peanuts:

Income Statement, 2015
Sales	$3,120
Costs	1,590
Net income	$1,530

Balance Sheet, Year-End
	2014	2015			2014	2015
Assets	$2,715	$3,849		Debt	$837	$1,652
				Equity	1,878	2,197
Total	$2,715	$3,849		Total	$2,715	$3,849

a.	What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 50% and no external debt or equity is to be issued? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
	The maximum possible growth rate %

	What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 50% and the firm maintains its 2015 debt-to-equity ratio but issues no equity? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
	The maximum possible growth rate %

b.	Calculate the required external financing for the two growth rates. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
	Required external financing for the first growth rate $

Required external financing for the second growth rate $