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Morrissey Technologies Inc.: Balance Sheet as of December 31, Earnings before taxes (EBT) Taxes (25%) Net income (NI) Dividends Addition to retained earnings Morrissey Technologies

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Morrissey Technologies Inc.: Balance Sheet as of December 31, Earnings before taxes (EBT) Taxes (25%) Net income (NI) Dividends Addition to retained earnings Morrissey Technologies Inc:: Pro Forma Balance Sheet as of December 31, 2022 Assets Cash Receivables Inventories Total current assets Fixed assets Tofal assets Llabilities and Equity b. If the profit margin remains at 6.25% and the dividend payout ratio remains at 40%, at what growth rate in sales will the additional financing requirements be exactly zero? In other words, what is the firm's sustainable growth rate? (Hint: Set AFN equal to zero and solve for g.) Round your answer to two decimal places. %

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