Problem 8 You have until 4:40 PM to complete this assignment. Intro Haier company's 2020 income statement and ending balance sheet are given below: Income statement ($ million) Sales 15 Costs 12 Net income 3 Balance sheet ($ million) Current assets 10 Fixed assets 40 Total assets 50 Debt 15 Equity 35 Total 50 In 2021, sales, assets and costs are expected to grow by the same rate, debt will stay unchanged, and company expects to pay out 40% of net income as dividends. Part 1 Attempt 1/3 for 10 pts. What is the particular growth rate in 2021, at which company will need no external financing? 4+ decimals Submit