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Plank's Plants had net income of $3,000 on sales of $53,000 last year. The firm paid a dividend of $800. Total assets at the end

Plank's Plants had net income of $3,000 on sales of $53,000 last year. The firm paid a dividend of $800. Total assets at the end of last year were $190,000, of which $74,000 was financed by debt. Assume that ROE from last year will continue this year and no new equity was issued during the year.

a. What is the firm's sustainable growth rate? (Round your intermediate calculations to 3 decimal places and your final answer to 3 decimal places.)

b-1. If the firm grows at its sustainable growth rate, how much debt will have to be raised in the coming year? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.)

b-2. What is the current debt/assets ratio? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.)

b-3. What will be the debt/assets ratio coming year? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.)

c-1. What would be the maximum possible growth rate if the firm did not sell any new debt or equity in the coming year and maintains the dividend payout ratio? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.)

c-2. What would be the maximum possible growth rate if the firm did not sell any new debt or equity in the coming year and retains all earnings? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.)

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