Income Statement			Balance Sheet
Sales	$74,989		Current Assets	$ 90,114		Total Debt	$27,130
Costs	55,629		Fixed Assets	57,347		Total Equity	120,331
Taxable Income	19,360		Total Assets	$147,461		Total Debt & Equity	$147,461
Taxes (40%)	3,303
Net Income	$16,057

The most recent financial statements for Macke, Inc. are given above. Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 21% dividend payout ratio. No external financing is possible.

What is the firm's internal growth rate? Do NOT round calculations in intermediate steps; it may throw off your final answer enough to be counted wrong by the quiz app. (Round your answer to 2 decimal places and express in percentage form: x.xx%)

Refer to the financial statements above for Macke, Inc. in order to answer the following question.

Now, assume that external debt financing is possible. What is the firm's sustainable growth rate? Do NOT round calculations in intermediate steps; it may throw off your final answer enough to be counted wrong by the quiz app. (Round your answer to 2 decimal places and express in percentage form: x.xx%)