Plank's Plants had net income of $3,000 on sales of $70,000 last year. The firm paid a dividend of 5700 Total assets at the end of last year were $160,000, of which $59,000 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 answer to 3 decimal places.) Sustainable growth rate % b. If the firm grows at its sustainable growth rate, how much debt will have to be raised in the coming year? (Round your answer to 1 decimal place.) Debt increases What is the curtont dobt/assets rate? (Round your answer to 2 decimal places) Debt/assets rato last year What will be the debassets rate coming year? (Round your answer to 2 decimal places) Debuansets rato coming year c. What would be the maximum possible growth rate if the firm did not soll any new debt or equity in the coming year and maintains the dividend payout ratio (Round your answer to 3 decimal places) The maximum possible growth rate What would be the maximum possible growth rate of the firm did not cowany new debtor oqully in the coming year and retains al camings? (Round your answer to decimal places) The maximum possible growth rate