Question: Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 24 Current assets

Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 24 Current assets 12 Debt 18 Costs 19.2 Fixed assets 48 Equity 42 Total 60 Net income 4.8 Total assets 60 Sales, assets and costs are expected to grow by the same rate next year, while company expects to keep its debt-equity ratio constant. The company is expected to pay NO dividends next year. 18 - Attempt 1/10 for 10 pts. Part 1 What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the sustainable growth rate? 3+ decimals Submit
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