The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,700 $3,933 Debt $7,863 Current assets Fixed -assets Costs 2,442 9,628 Equity 5,698 $1,258 Total $13,561 Total $13,561 Taxable income Taxes (33%) Net income 415 $843 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 26 percent dividend payout ratio. No external equity financing is possible. Required: What is the internal growth rate? (Do not round your intermediate calculations.) Multiple Choice 12.29% 4.72% 4.82% 1.64% O 4.92% Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income Statement Sales $25,000 Assets Costs 14,100 Net income $10,900 Total Balance Sheet $10,800 Debt Equity $10,800 Total $5,300 5,500 $10,800 Phillips has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Required: Calculate the dividend paid. (Do not round your intermediate calculations.) Multiple Choice $11,413 $11,424 $21,510 O $11,440 $11,418