13. What is the maximum internal growth rate consistent with not requiring external financing for a firm reporting net income of $500,000, a dividend payout ratio of 40%, and total assets of $10 million? A. 2%. B. 4%. C. 5%. D. 6%. E. None of the above. 14. What is the sustainable growth rate for a firm with $250,000 in net income, $20,000 in preferred stock dividends, $80,000 in common stock dividends, and an average equity balance of $1 million? A. 8%. B. 10%. C. 15%. D. 17%. E. None of the above. 15. What is the internal growth rate for a firm with a return on equity (ROE) of 20 percent, a dividend payout ratio of 60 percent, and an equity-debt ratio of 80 percent? A. 5.74%. B. 5.25%. C. 4.65%. D. 3.55%. E. None of the above. 16. You invest $1,000 at 6% compounded monthly. How much will you have in 1.5 years? (Hint: use 4 decimal places for your calculations.) A. $1,200.80. B. $1,941.25. C. $1,093.90. D. $2,157.30