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The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 23,300 Assets $110,000 Debt $ 46,600 Costs 16,500 Equity 63,400 Taxable $ 6,800 Total $ 110,000 Total $ 110,000 income Taxes (23%) 1,564 Net income $ 5,236 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,570 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,400. What is the external financing needed? Hodgkiss Mfg., Incorporated, is currently operating at only 88 percent of fixed asset capacity. Fixed assets are $382,500. Current sales are $510,000 and projected to grow to $643,295. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. Premier Corporation has an ROE of 7 percent and a payout ratio of 15 percent. What is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)