at 8 Dancing 5. EFN [LO2] The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $7.900 Current assets $ 3,900 Current liabilities $ 2,100 Costs 5,500 Fixed assets 8,600 Long-term debt 3,700 Taxable income $2,400 Equity 6,700 Taxes (25%) 600 Total $12.500 Total $12,500 Net income $1,800 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 X Bello Co. are shown here: Income Statement Sales $18,900 Current assets Costs 12.800 Fixed assets Taxable income $ 6,100 Total Taxes (21%) 1,281 Net income $ 4,819 Balance Sheet $11.700 Debt 26,500 Equity $38,200 Total $15.700 22.500 $38,200 Assets and costs are proportional to sales. Debt and equity are not. The company main- tains 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