The whole year income statement and end of year balance sheet numbers are provided for 2022. As CFO, you are to forecast 2023 numbers (blank column) based on the following assumptions: Income statement ($ million) Sales 1,000 Costs Net income 850 150 4+ decimals Balance sheet ($ million) Current assets Fixed assets Total assets 418 1,672 2,000 - Debt 627 Equity 1,463 ? Total 2,090 Sales, costs, and assets are expected to grow by a same rate in 2023. The company is expected to pay NO dividend in 2023, and will keep the debt balance unchanged. Part 1 Attempt 1/3 for 10 pts. If EFN is NOT funded, compute the maximum growth rate the firm can achieve in 2023.

The whole year income statement and end of year balance sheet numbers are provided for 2022. As CFO, you are to forecast 2023 numbers (blank column) based on the following assumptions: Sales, costs, and assets are expected to grow by a same rate in 2023 . The compary is expected to pay NO dividend in 2023, and will keep the debt balance unchanged. Part 1 - Altempt 1/3 for 10pts If EFN is NOT funded, compute the maximum growth rate the firm can achieve in 2023