#15 Saved Help Save & Exit Submit 4 Problem 18-18 Required External Financing (LO3) 10 10 points Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 Skipped Sales Cost $ 7,000 5,500 eBook Net income $ 1,500 BALANCE SHEET, YEAR-END Check my work 2021 Print Assets $ 2,500 2022 $ 3,000 References Total $2,500 $ 3,000 Debt Equity Total 2021 $ 853 1,647 $ 2,500 2022 $ 1,000 2,000 $ 3,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2023 of (a) 40%, (b) 45%, and (c) 50%. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. External Financing Need (a) 40% (b) 45% () 50%