$29,210. What is the external financing needed? X5. EFN [LO2] The most recent financial statements for Assouad, Inc., are shown here: Income Balance Sheet Statement Sales $7,900 Current $3,900 Current $2,100 assets liabilities Costs 5,500 Fixed 8,600 Long-term 3,700 assets debt Taxable $2,400 Equity 6,700 income 600 Total $12.500 Total $12,500 (2596) Net $1,800 income Taxes Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent. What is the external financing needed? %6. Calculating Internal Growth [LO3] The most recent financial statements for Bello Co. are shown here: Loc 7447 of 43194 18% Income Balance Sheet Statement Sales $18,900 Current $11,700 Debt $15,700 assets Costs 12,800 Fixed 26,500 Equity 22,500 assets Taxable $6,100 Total $38,200 Total $38,200 income Taxes 1,281 (21%) Net $ 4,819 income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? 7. Calculating Sustainable Growth [LO3] For the company in Problem 6, what is the sustainable growth rate? 118