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Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2015 Sales $ 11,000 Cost 8,700 Net income $ 2,300 BALANCE SHEET, YEAR-END 2014

Here are the abbreviated financial statements for Planner's Peanuts:
INCOME STATEMENT, 2015
Sales $ 11,000
Cost 8,700
Net income $ 2,300

BALANCE SHEET, YEAR-END
2014 2015 2014 2015
Assets $ 10,500 $ 11,000 Debt $ 853 $ 1,000
Equity 9,647 10,000
Total $ 10,500 $ 11,000 Total $ 10,500 $ 11,000

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 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

External Financing Need
25% $
30% $
35% $

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