Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 26 Costs 20.8 Net income 5.2 Balance sheet ($ million) Current assets 12.8 Fixed assets 51.2 Total assets 64 Debt 19.2 Equity 44.8 Total 64 Sales, assets and costs are expected to grow by the same rate next year, while company expects to keep its debt-equity ratio constant. The company expects to pay out 80% of net income as dividends. Part 1 IB Attempt 1/10 for 10 pts. What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the sustainable growth rate? 4+ decimals Submit Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 15 Costs 12 Net income 3 Balance sheet ($ million) Current assets 13 Fixed assets 52 Total assets 65 Debt 19.5 Equity 45.5 Total 65 Sales, assets and costs are expected to grow by the same rate next year, while company expects to keep its debt-equity ratio constant. The company is expected to pay NO dividends next year. I - Attempt 1/10 for 10 pts. Part 1 What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the sustainable growth rate? 3+ decimals Submit