Willard Windows has total sales of

$387,200

on total assets of

$429,600

, current\ liabilities of

$45,000

, and

$24,000

of dividends paid on net income of

$57,700

.\ Assume that all costs, assets, and current liabilities change spontaneously with\ sales. The tax rate and dividend payout ratios remain constant. If the firm's\ managers project a firm growth rate of 12 percent for next year, what will be the\ amount of external financing needed to support this level of growth? Assume the\ firm is currently operating at full capacity.\ Multiple ChoiceThe sustainable growth rate will be equivalent to the internal growth rate when,\ and only when:\ Multiple Choice\ the retention ratio is equal to 1.\ the plowback ratio is positive but less than 1.\ a firm has no debt.

The sustainable growth rate will be equivalent to the internal growth rate when, and only when: Multiple Choice the retention ratio is equal to 1. the plowback ratio is positive but less than 1. a firm has no debt