Problem $18-22$ Internal Growth $($LO$3)$

Go$-$Go Industries is growing at $45\%$ per year. It is all$-$equity$-$financed and has total assets of $$1$ million. Its return on equity is $35\%.$ Its plowback ratio is $50\%.$

a$.$ What is the internal growth rate?

Note: Enter your answer as a percent rounded to $2$ decimal places.

b$.$ What is the firm's need for external financing this year?

Note: Enter your answer in dollars not in millions. Do not round intermediate calculations.

c$.$ By how much would the firm increase its internal growth rate if it reduced its payout ratio to zero?

Note: Enter your answer as a whole percent.

d$.$ By how much would the firm reduce the need for external financing if it reduced its payout ratio to zero?

Note: Enter your answer in dollars not in millions. Do not round intermediate calculations.