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Income Statement Sales Costs, including interest Net income $ 7,400 5, 200 $2,200 Net assets Balance Sheet, Year-End 2018 2017 $ 6,549 $ 6,100 Debt

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Income Statement Sales Costs, including interest Net income $ 7,400 5, 200 $2,200 Net assets Balance Sheet, Year-End 2018 2017 $ 6,549 $ 6,100 Debt Equity $ 6,549 $ 6,100 Total 2018 $ 2,849 3,700 $ 6,549 2017 $ 2,733 3, 367 $ 6,100 Total a. If the payout ratio is set at 55% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Internal growth rate b. If the payout ratio is set at 55% and the firm maintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate for Archimedes? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Sustainable growth rate %

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