Question: If the dividend payout ratio in problem 9 is fixed at 50%, calculate the required total external financing for growth rates in 2016 of 15%,

If the dividend payout ratio in problem 9 is fixed at 50%, calculate the required total external financing for growth rates in 2016 of 15%, 20%, and 25%.

Income Statement, 2015

Sales................$2,000

Costs.................1.500

Net income.........$ 500

Balance Sheet, Year-End 2014 2014 2015 2015 $3,000 Debt S 833 Assets S2,500 S1,000 Equity Total 2,000 1,667 Total $3,000 $3,000 S2,500 S2,500

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