Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs Net income $3,280 1,990 $1,290 Assets 2014 $2,838 Balance Sheet, Year-End 2015 $3,818 Debt Equity $3,818 Total 2014 $999 1.839 $2,838 2015 $1,030 2,788 $3,818 Total $2,838 a. What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 57% 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 57% 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 $ References Worksheet Problem 19.11 Febnih Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs Net income $3,280 1,990 $1,290 Assets 2014 $2,838 Balance Sheet, Year-End 2015 $3,818 Debt Equity $3,818 Total 2014 $999 1.839 $2,838 2015 $1,030 2,788 $3,818 Total $2,838 a. What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 57% 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 57% 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 $ References Worksheet Problem 19.11 Febnih