Plank?s Plants had net income of $6,000 on sales of $90,000 last year. The firm paid a dividend of $2,100. Total assets were $500,000, of which $350,000 was financed by debt.

a.What is the firm?s sustainable growth rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

Sustainable growth rate%

b.If the firm grows at its sustainable growth rate, how much debt will be issued next year?(Do not round intermediate calculations.)

New debt$

c.What would be the maximum possible growth rate if the firm did not issue any debt next year?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Maximum growth rate%