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Item 2 7 . 3 3 points eBookHintPrintCheck my workCheck My Work button is now enabled 5 Item 2 Plank s Plants had net income

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Planks Plants had net income of $10,000 on sales of $100,000 last year. The firm paid a dividend of $400. Total assets were $600,000, of which $300,000 was financed by debt.
What is the firms sustainable growth rate?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.
If the firm grows at its sustainable growth rate, how much debt will be issued next year?
Note: Do not round intermediate calculations.
What would be the maximum possible growth rate if the firm did not issue any debt next year?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.

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