1. What is the maximum possible growth rate for Asterisk, Inc. if the payout ratio is...

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1. What is the maximum possible growth rate for Asterisk, Inc. if the payout ratio is set at 40% and a. no external debt or equity is to be issued? b. the firm maintains a fixed debt ratio but issues no equity? Income Statement, 2021 Sales Costs, including Interest Net income $ 4,000 3,500 $ 500 Balance Sheet 2021 2020 Net Working Capital $ 800 Net PP&E 2,400 Total $3,200 $ 760 1,940 $2,700 Debt Equity 2021 $ 1,200 2020 $1,033 2,000 1,667 Total $ 3,200 $2,700 1. What is the maximum possible growth rate for Asterisk, Inc. if the payout ratio is set at 40% and a. no external debt or equity is to be issued? b. the firm maintains a fixed debt ratio but issues no equity? Income Statement, 2021 Sales Costs, including Interest Net income $ 4,000 3,500 $ 500 Balance Sheet 2021 2020 Net Working Capital $ 800 Net PP&E 2,400 Total $3,200 $ 760 1,940 $2,700 Debt Equity 2021 $ 1,200 2020 $1,033 2,000 1,667 Total $ 3,200 $2,700