The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $14,200 Balance Sheet Current $ 11,100 Debt assets Fixed assets 26,750 Equity $ 15,600 Costs 8,500 22,250 Taxable income $ 5,700 Total $ 37,850 Total $ 37,850 Taxes (40%) 2,280 Net income $ 3,420 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate % Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Sales $30,500 Costs 23,910 Assets Balance Sheet $23,250 Debt Equity $ 6,750 16,500 Net $ 6,590 Total $23,250 Total $23,250 income The company has predicted a sales increase of 20 percent. Assume Yoo pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answ rs to the nearest whole dollar amount.) Pro forma income statement Sales Costs Assets Pro forma balance sheet $ Debt Equity $ Net income $ Total Total $ What is the external financing needed? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) External financing needed