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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,300 $3,508 Debt $7,013 Current assets Fixed assets Costs

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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $3,300 $3,508 Debt $7,013 Current assets Fixed assets Costs 2178 8,587 Equity 5,082 $1,122 Total $12,095 Total $12,095 Taxable Income Taxes (35%) Net Income 393 $729 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 36 percent dividend payout ratio. No external equity financing possible. What is the fastest rate at which the company can grow if only internal financing is used? (Do not round your Intermediate calculations.) HINT: You must know the difference between IGR and SGR. Multiple Choice 4.01% 2.22% o O 3.919. O

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