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Plank s Plants had net income of $ 2 , 0 0 0 on sales of $ 5 0 , 0 0 0 last year.
Planks Plants had net income of $ on sales of $ last year. The firm paid a dividend of $ Total assets were $ of which $ was financed by debt.
a What is the firms sustainable growth rate? Express your answer as a percentage.
b If the firm grows at its sustainable growth rate, how much debt will be issued next year?
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