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Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2015 Sales $ 3,000 Cost 2,300 Net income $ 700 BALANCE SHEET, YEAR-END 2014

Here are the abbreviated financial statements for Planner's Peanuts:
INCOME STATEMENT, 2015
Sales $ 3,000
Cost 2,300
Net income $ 700

BALANCE SHEET, YEAR-END
2014 2015 2014 2015
Assets $ 3,500 $ 4,000 Debt $ 833 $ 1,000
Equity 2,667 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 2016 of 15%, 20%, and 25%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

External Financing Need
15% $
20% $
25% $

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