Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs Net income $2,400 1,300 $1,100 2014 $2,764 Assets Balance Sheet, Year-End 2015 $4,511 Debt Equity $4,511 Total 2014 $995 1,769 $2,764 2015 $1,959 2,552 $4,511 Total $2,764 a. What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 51% 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 51% 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 Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs Net income $2,400 1,300 $1,100 2014 $2,764 Assets Balance Sheet, Year-End 2015 $4,511 Debt Equity $4,511 Total 2014 $995 1,769 $2,764 2015 $1,959 2,552 $4,511 Total $2,764 a. What is the maximum possible growth rate in 2016 for Planners Peanuts if the payout ratio is fixed at 51% 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 51% 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