Problem 7 You have until 4:15 PM to complete this assignment. Intro Blinq sells electronics online. Year 2020 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 820 1,488 Debt 744 Costs 738 Current assets Fixed assets Total assets 992 Equity 1,736 Net income 82 2,480 Total 2,480 Going into 2021, the expectations are: sales, costs and current assets will grow by a same rate; fixed assets will stay unchanged; will pay NO dividends; will keep debt level unchanged. Part 1 Attempt 1/3 for 10 pts. An existing shareholder commits additional $100 paid-in-capital in 2021 (EFN=100), then what will be the growth rate? 3+ decimals Submit Part 1 | Attempt 1/3 for 10 pts. An existing shareholder commits additional $100 paid-in-capital in 2021 (EFN=100), then what will be the growth rate? 3+ decimals Submit Part 2 Attempt 1/3 for 10 pts. Going into 2021 with a different set of expectations: sales, costs and total assets will grow by a same rate; will pay NO dividends, will keep debt-equity ratio unchanged from year to year; No shareholder commits any additional capital injection (EFN=0). then what will be the growth rate? 4+ decimals Submit Problem 7 You have until 4:15 PM to complete this assignment. Intro Blinq sells electronics online. Year 2020 Income Statement and ending Balance Sheet are given below: Income statement ($ million) Balance sheet ($ million) Sales 820 1,488 Debt 744 Costs 738 Current assets Fixed assets Total assets 992 Equity 1,736 Net income 82 2,480 Total 2,480 Going into 2021, the expectations are: sales, costs and current assets will grow by a same rate; fixed assets will stay unchanged; will pay NO dividends; will keep debt level unchanged. Part 1 Attempt 1/3 for 10 pts. An existing shareholder commits additional $100 paid-in-capital in 2021 (EFN=100), then what will be the growth rate? 3+ decimals Submit Part 1 | Attempt 1/3 for 10 pts. An existing shareholder commits additional $100 paid-in-capital in 2021 (EFN=100), then what will be the growth rate? 3+ decimals Submit Part 2 Attempt 1/3 for 10 pts. Going into 2021 with a different set of expectations: sales, costs and total assets will grow by a same rate; will pay NO dividends, will keep debt-equity ratio unchanged from year to year; No shareholder commits any additional capital injection (EFN=0). then what will be the growth rate? 4+ decimals Submit