Problem 18-18 Required External Financing (LO3) Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2017 Sales Cost Net income $2,500 1,900 $ 600 BALANCE SHEET, YEAR-END 2016 2017 2016 2017 $2,500 $3,000 Debt $ 853 $1,000 Assets _ Equity1,647 Total $2,500 $3,000 Total $2,500 $3,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2018 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) NOTE: Use the growth rates in the question above and not the figures in the table below External Financing Need 15% 20% 25%