Problem $18-18$ Required External Financing $($LO$3)$

Saved Problem 18-18 Required External Financing (L03) Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 10 points Skipped eBook Print References Help 2022 $ 1,000 2,000 $ 3,000 Save & Exit Submit Check my work Sales Cost Net income Assets Total $ 7,000 5,500 $ 1,500 BALANCE SHEET, YEAR-END 2021 $ 2,500 $2,500 2022 $ 3,000 Debt Equity $ 3,000 Total 2021 $ 853 1,647 $ 2,500 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. (a) (b) (c) External Financing Need 45%