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Plank s Plants had net income of $ 9 , 0 0 0 on sales of $ 8 0 , 0 0 0 last year.

Planks Plants had net income of $9,000 on sales of $80,000 last year. The firm paid a dividend of $1,800. Total assets were $400,000, of which $160,000 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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