Record your answers to the following questions and the answer sheet provided and email it back to me by 5:00 pm, Friday, May 5th. You are welcome to email me questions and of course refer to documents that are on Canvas. Refer to the following for questions 1 through 9: A company with $60 million in assets is funded with $40 million in equity and $20 million in debt. Last year it made $9 million in net income, 25% of which is paid as dividends. Net income increases at the same rate as assets and the company's current liabilities do not change as the company grows, meaning that it will be funding the growth with equity, debt, or a mix of equity and debt. Grow the company by 12% and recalculate its debt to equity ratio. Grow the company by 15% and calculate its debt to equity ratio when: a. It uses just additions to retained earnings and debt to fund the increase in assets. b. It uses all equity to fund the increase in assets. What are two things the company can do if it grows at a rate less than the internal growth rate? What can the company do if it wants to increase both its internal and sustainable growth rates