Problem 18-18 Required External Financing (LO3) Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 Sales Cost Net income $ 4,500 3,500 $ 1,000 2021 BALANCE SHEET, YEAR-END 2022 Assets $ 6,500 $ 7,000 Total $6,500 $ 7,000 Debt Equity Total 2021 $ 833 5,667 2022 $ 1,000 6,000 $ 6,500 $ 7,000 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) 20%, (b) 25%, and (c) 30%. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. External Financing Need (a) 20% (b) 25% (c) 30%