5 Problem 18-18 Required External Financing (LO3) Here are the abbreviated financial statements for Planner's Peanuts: STATENENT, 2017 Sales $8,500 6,700 Net income eBook BALANCE SHEET, YEAR-END 20162017 2016 2017 $5,500 $6,000 Debt853 $1,000 Equity4.647 5,000 $5,500 $6,000 Total $5,500 $6,000 Assets Print Total Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2018 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Financing Need 15% 20% 25% Reference links 18.4 External Financing and Growh